Recent

  • Show all results for ""

🎧 New: AI-Generated Podcasts Turn your study notes into engaging audio conversations. Learn more

Business Intelligence and Data Analysis
10 Questions
0 Views

Business Intelligence and Data Analysis

Created by
@ErrFreeMorningGlory

Podcast Beta

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary function of Business Intelligence?

  • To extract, transform, integrate, visualize, and present data to support decision making (correct)
  • To analyze multidimensional data from many different perspectives
  • To explore large amounts of data for hidden patterns to predict future trends
  • To track progress in executing chosen strategies to attain organizational objectives

    • What is the main purpose of Data Visualization?

  • To explore large amounts of data for hidden patterns to predict future trends
  • To present data in a pictorial or graphical format (correct)
  • To identify issues and opportunities as well as perform trend analysis
  • To analyze multidimensional data from many different perspectives

    • What is a conversion funnel?

  • A method to analyze multidimensional data from many different perspectives
  • A collection of data that contains numeric facts called measures, which are categorized by dimensions
  • A visual depiction of a set of words that have been grouped together because of the frequency of their occurrence
  • A graphical representation of the steps a consumer takes in making the decision to buy your product and become a customer (correct)

    • What is the main goal of OLAP?

    <p>To analyze multidimensional data from many different perspectives</p> Signup and view all the answers

    What is a Data Cube?

    <p>A collection of data that contains numeric facts called measures, which are categorized by dimensions</p> Signup and view all the answers

    What is Drill-Down Analysis?

    <p>An interactive examination of high-level summary data in increasing detail to gain insight into certain elements</p> Signup and view all the answers

    What is the primary purpose of Linear Regression?

    <p>To predict the value of a dependent variable based on a single independent variable and the linear relationship between the two</p> Signup and view all the answers

    What is the main goal of Data Mining?

    <p>To explore large amounts of data for hidden patterns to predict future trends and behaviors</p> Signup and view all the answers

    What is CRISP-DM?

    <p>A six-phase structured approach for the planning and execution of a data mining project</p> Signup and view all the answers

    What is Self-Service Analytics?

    <p>Training, tech, and processes that empower end users to work independently to access data from approved sources to perform their own analysis using an endorsed set of tools</p> Signup and view all the answers

    Study Notes

    Business Intelligence (BI)

    • A wide range of applications, practices, and technologies for extracting, transforming, integrating, visualizing, analyzing, interpreting, and presenting data to support improved decision making.

    Data Visualization

    • Presentation of data in a pictorial or graphical format.
    • Examples: Word cloud, Conversion funnel.

    Data Analysis Tools

    • Online Analytical Processing (OLAP): analyzes multidimensional data from multiple perspectives, enabling users to identify issues, opportunities, and perform trend analysis.
    • Data cube: a collection of data containing numeric facts (measures) categorized by dimensions (e.g., time, geography).
    • Drill-down analysis: interactive examination of high-level summary data to gain insight into specific elements.

    Data Mining

    • Exploration of large amounts of data to discover hidden patterns, predict future trends and behaviors for decision making.
    • Cross-Industry Process for Data Mining (CRISP-DM): a six-phase structured approach for planning and executing data mining projects.

    Performance Metrics

    • Key Performance Indicator (KPI): a metric tracking progress in executing chosen strategies to attain organizational objectives and goals.
    • KPI consists of a direct measure, target, and time frame.
    • Dashboard: a presentation of a set of KPIs about the state of a process at a specific point in time.

    Analytics Self-Service

    • Training, technology, and processes that empower end-users to work independently, accessing data from approved sources to perform their own analysis using endorsed tools.

    Studying That Suits You

    Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

    Quiz Team

    Description

    This quiz covers business intelligence, data visualization, and data analysis tools, including OLAP, to support informed decision making.

    More Quizzes Like This

    Business Intelligence and Data Analysis Quiz
    20 questions

    Business Intelligence Quiz: Test Your Data Analysis Skills

    EffectualVigor avatar
    EffectualVigor
    Business Intelligence and Data Analysis Quiz
    10 questions

    Business Intelligence Quiz: Test Your Data Analysis Skills

    ExcitedChupacabra avatar
    ExcitedChupacabra
    Business Intelligence Data Gathering
    24 questions

    Business Intelligence Data Gathering

    AppropriateRubellite avatar
    AppropriateRubellite
    Data Science Applications Quiz
    45 questions

    Data Science Applications Quiz

    SprightlyVision avatar
    SprightlyVision
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser