Podcast
Questions and Answers
Which step in the Business Analytics process involves identifying and selecting data for analysis?
Which step in the Business Analytics process involves identifying and selecting data for analysis?
- Data (correct)
- Methodology Selection and Model Building
- Analytics Problem Framing
- Business Problem Framing
What type of Analytics uses forecasting techniques and statistical models?
What type of Analytics uses forecasting techniques and statistical models?
- Descriptive Analytics
- Industry Trend
- Prescriptive Analytics
- Predictive Analytics (correct)
Which step in the Business Analytics process involves deciding which method to use for analysis?
Which step in the Business Analytics process involves deciding which method to use for analysis?
- Data
- Methodology Selection and Model Building (correct)
- Business Problem Framing
- Analytics Problem Framing
What is the science of analyzing data to find patterns that can be used in developing strategies?
What is the science of analyzing data to find patterns that can be used in developing strategies?
What is the final step in the Business Analytics process?
What is the final step in the Business Analytics process?
Which step in the Business Analytics process involves reformulating the business problem concerning analytics and defining a metric of success for the model?
Which step in the Business Analytics process involves reformulating the business problem concerning analytics and defining a metric of success for the model?
What is the purpose of Descriptive Analytics?
What is the purpose of Descriptive Analytics?
What is the purpose of Predictive Analytics?
What is the purpose of Predictive Analytics?
What is the purpose of Prescriptive Analytics?
What is the purpose of Prescriptive Analytics?
What is one of the industry trends in Business Analytics mentioned in the text?
What is one of the industry trends in Business Analytics mentioned in the text?
