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Mastering Business Analytics

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Questions and Answers

What is Business Analytics used for?

Increasing revenue

Reducing cost

Improving business operations (correct)

Forecasting trends

Which of the following is not a component of Business Analytics?

Marketing strategies (correct)

Information technology

Data

Statistical analysis

What type of models does Business Analytics use?

Economic

Physical

Psychological

Mathematical (correct)

What is a potential use of business analytics in the healthcare industry?

Scheduling operating rooms to improve utilization Signup and view all the answers

What can business analytics be used for in the retail industry?

Identifying and targeting key customer groups Signup and view all the answers

In which sector can business analytics be utilized for determining brands to buy, quantities, and allocations?

Merchandising Signup and view all the answers

How can business analytics be applied in the staffing sector?

Ensuring appropriate staffing levels and capabilities Signup and view all the answers

What is a possible application of business analytics in the supply chain?

Determining the best sourcing and transportation options Signup and view all the answers

Mastering Business Analytics

Choose a study mode

Podcast

Questions and Answers

What is Business Analytics used for?

Which of the following is not a component of Business Analytics?

What type of models does Business Analytics use?

What is a potential use of business analytics in the healthcare industry?

What can business analytics be used for in the retail industry?

In which sector can business analytics be utilized for determining brands to buy, quantities, and allocations?

How can business analytics be applied in the staffing sector?

What is a possible application of business analytics in the supply chain?

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