Fundamentals of Business Analytics

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

What are some of the solutions comprised in business analytics?

  • Data Mining
  • Applied Analytics
  • Predictive Analytics
  • All of the above (correct)

Which field is business analytics becoming one of the most sought-after courses in?

  • Data Mining
  • Information Technology
  • Business
  • Academe (correct)

What is the study of data through statistical and operations analysis called?

  • Data Mining
  • Knowledge Economy
  • Operations Analysis
  • Business Analytics (correct)

What is critical to business success in the knowledge economy?

<p>Business Analytics (B)</p> Signup and view all the answers

What are some of the components of business analytics?

<p>All of the above (D)</p> Signup and view all the answers

Flashcards are hidden until you start studying

Study Notes

Business Analytics Solutions

  • Business analytics comprises solutions such as descriptive analytics, predictive analytics, and prescriptive analytics.

Growing Demand

  • Business analytics is becoming one of the most sought-after courses in the field of data science.

Definition of Analytics

  • The study of data through statistical and operations analysis is called analytics.

Key to Business Success

  • Data-driven decision-making is critical to business success in the knowledge economy.

Components of Business Analytics

  • Business analytics consists of components such as data mining, data visualization, and business intelligence.
  • It also includes advanced analytics techniques such as machine learning, neural networks, and simulations.
  • Additionally, business analytics involves data management and big data analytics.

Studying That Suits You

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

Quiz Team

More Like This

Use Quizgecko on...
Browser
Browser