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Questions and Answers
What are the components of Business Analytics?
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?
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?
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?
What is the objective of using Business Analytics in location decisions?
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Which of the following is not mentioned as a use of Business Analytics in the supply chain?
Which of the following is not mentioned as a use of Business Analytics in the supply chain?
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