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Questions and Answers
What are some of the solutions comprised in business analytics?
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?
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?
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?
What is critical to business success in the knowledge economy?
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What are some of the components of business analytics?
What are some of the components of business analytics?
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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.
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