Introduction to Business Analytics and Marketing Metrics Quiz

What does business analytics combine into one field?

What is the primary purpose of business analytics?

How is business analytics used by companies committed to data-driven decision-making?

Which technologies are used to solve business issues through the use of statistical models and data analysis?

What does business analytics refer to?

What is the science of analyzing data to find out patterns that will be helpful in developing strategies?

What is the primary focus of analytics?

What was the initial application of operations research?

How has management science evolved over time?

What is one of the uses of business analytics in combatting fraud?

What does business analytics enable businesses to study and foresee utilizing in the text?

What impact does business analytics have on the functioning of an organization based on the text?

What does business analytics aim to eliminate based on the text?

What is the root of business analytics' evolution based on the text?

What did management science evolve into based on the text?

What can businesses get insight into using business analytics, according to the text?

Business Analytics combines data, information technology, statistical analysis, quantitative methods, and computer-based models to provide decisionmakers with all the possible scenarios to make a well-thought and researched ______.

Business analytics refers to the skills, technologies, and practices for continuously developing new insights and understanding of business performance based on ______ and statistical methods.

Business analytics is the practice of exploration of an organization’s data with emphasis on ______ analysis.

A combination of data analytics, business intelligence, and computer programming, business analytics is the science of analyzing data to find out ______ that will be helpful in developing strategies.

Business analytics enables companies committed to data-driven decision-making to make decisions that are based on ______ rather than a guess.

Business analytics is used by companies committed to data-driven decision-making to provide insights into developing ______.

DATA ANALYTICS is commonly thought of as the science of analysis that has been mechanized by a variety of clever statistical techniques and ______ learning algorithms.

Business analytics has been in existence since a very long time and has evolved with the availability of newer and better ______.

Operations research was an analytical way to look at data to conduct ______ operations.

Over some time, this technique started getting utilized for ______.

Operations research evolved into ______ science.

Business operations frequently experience challenges that need to be resolved, which necessitates stopping all other business ______.

This significantly lowers the rate of production and causes a large ______.

Analytics are a tool the businesses utilize to maintain their client ______.

Utilizing analytics in business also enables you to study current industry trends and ______ future ones, even before other businesses do.

It may lower the price associated with producing ______.