5 Questions
Which step should be taken first in data analytics?
Obtaining a deeper understanding of the past
What is the purpose of distinguishing between the signal and the noise?
To forecast the future
How does Lego behave in terms of its value?
It behaves like a commodity
What can be used to collect auction data for Lego?
EBay
When will forecasting the future work in practice?
When the signal is distinguishable from the noise
Test your knowledge on understanding the past in data analytics with this quiz. Explore the relationship between explanatory variables, X, and the dependent variable, y, and learn about selecting candidate variables for forecasting.
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