18 Questions
What is the main objective of Descriptive Analytics?
Identify and explain anomalies and outliers
Which team would most likely use Diagnostic Analytics to understand factors contributing to why employees may leave a company?
HR Teams
What is the primary purpose of Predictive Analytics?
Make predictions about future outcomes
If a company is using deep learning and machine learning algorithms to find patterns in data, which type of analytics are they most likely employing?
Predictive Analytics
Which type of analytics involves determining 'what should we do next?'
Prescriptive Analytics
In the context of business analytics, which type of analytics is focused on analyzing historical data to identify trends for data-driven decision-making?
Descriptive Analytics
What type of analytics focuses on analyzing historical data to understand what happened in the past?
Descriptive Analytics
Which type of analytics aims to determine why an event occurred by digging deeper into the data?
Diagnostic Analytics
Predictive Analytics focuses on:
Forecasting future outcomes
Which type of analytics suggests the best course of action based on the insights gained from data analysis?
Prescriptive Analytics
If a business wants to know why their sales dropped in a specific region, which analytics would be most appropriate?
Diagnostic Analytics
Which analytics type is most concerned with providing insights into what is likely to happen in the future based on historical data?
Predictive Analytics
What is the primary objective of Descriptive Analytics?
Understanding what happened in the past using reports and visualizations
Which type of analytics focuses on answering the question 'What happened?'
Diagnostic Analytics
In the context of analytics, what does Predictive Analytics primarily deal with?
Anticipating future outcomes based on data analysis
Which type of analytics involves using statistics and computer programming to gain insights into data meanings?
Descriptive Analytics
What distinguishes Diagnostic Analytics from Descriptive Analytics?
Diagnostic Analytics identifies causes of past events while Descriptive Analytics summarizes what happened.
Which type of analytics aims to recommend the best course of action based on data analysis?
Prescriptive Analytics
Test your knowledge on root cause analysis and predictive analytics. Learn how to identify anomalies, outliers, and make predictions about future outcomes in various industries such as sales, marketing, and human resources.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
