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Master the Art of Business Analytics
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Master the Art of Business Analytics

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Questions and Answers

What are the components of Business Analytics?

  • Data, IT, statistical analysis, quantitative methods, and biology-based models
  • Data, IT, statistical analysis, quantitative methods, and mathematical or computer-based models (correct)
  • Data, IT, statistical analysis, qualitative methods, and computer-based models
  • Data, IT, statistical analysis, quantitative methods, and computer-based models
  • What is the purpose of Business Analytics in management?

  • To make decisions based on opinions
  • To make decisions based on assumptions
  • To make decisions based on fact-based insights (correct)
  • To make decisions based on intuition
  • Which of the following is not a typical application of Business Analytics?

  • Customer segmentation
  • Product design (correct)
  • Merchandising
  • Pricing
  • What is the objective of using Business Analytics in location decisions?

    <p>Determining the best location for bank branches and ATMs</p> Signup and view all the answers

    Which of the following is not mentioned as a use of Business Analytics in the supply chain?

    <p>Determining the best storage facilities</p> Signup and view all the answers

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