Introduction to Business Analytics and Business Intelligence
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Questions and Answers

What is the primary focus of Descriptive Analytics?

  • Providing actionable insights
  • Guiding towards a solution
  • Summarizing raw data (correct)
  • Predicting future outcomes

Which stage of Analytical Maturity involves an organization being able to use analytics to support and evaluate decisions?

  • Analytically Impaired
  • Localized Analytics
  • Analytical Company (correct)
  • Analytical Aspiration

What distinguishes Data Science from Business Analytics?

  • Answers business questions with data analysis
  • Mainly statistics based with little coding
  • Primarily uses structured data
  • Use of algorithms to surface patterns (correct)

Which type of analytics aims to provide users with different possible actions and guides them towards a solution?

<p>Prescriptive Analytics (D)</p> Signup and view all the answers

What is the characteristic of Predictive Analytics?

<p>Estimating the likelihood of a future outcome (C)</p> Signup and view all the answers

What is the main focus of business analytics?

<p>Studying data through statistical analysis and communicating results (C)</p> Signup and view all the answers

Which type of analytics is concerned with 'What happened and why it happened'?

<p>Descriptive analytics (C)</p> Signup and view all the answers

What distinguishes business intelligence from business analytics?

<p>BI uses past data for present performance while BA uses historical data for strategic insights (B)</p> Signup and view all the answers

Which analytics type is concerned with 'What should we do next?'

<p>Prescriptive analytics (A)</p> Signup and view all the answers

How does business analytics benefit organizations?

<p>By helping in driving operational changes and predicting future growth (D)</p> Signup and view all the answers

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