Understanding Analytics
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Questions and Answers

Which type of analytics aims to answer 'Why did it happen'?

  • Prescriptive Analytics
  • Predictive Analytics
  • Diagnostic Analytics (correct)
  • Descriptive Analytics

    • What type of analytics focuses on 'What happened'?

  • Prescriptive Analytics
  • Predictive Analytics
  • Descriptive Analytics (correct)
  • Diagnostic Analytics

    • What is the focus of Predictive Analytics?

  • Identifying why it happened
  • Anticipating what can be done to make it happen
  • Describing what happened
  • Determining what is likely to happen (correct)

    • Which aspect defines Big Data as difficult to manage and analyze?

    <p>Volume, velocity, and variety</p> Signup and view all the answers

    What makes the analysis of Big Data difficult?

    <p>Traditional databases and data processing tools are sufficient for analysis</p> Signup and view all the answers

    Big Data is defined as data sets that are easy to store, manage, process, and analyze using traditional databases and data processing tools.

    <p>False</p> Signup and view all the answers

    Prescriptive Analytics focuses on what is likely to happen.

    <p>True</p> Signup and view all the answers

    Descriptive Analytics answers the question 'What can we do to make it happen?'

    <p>False</p> Signup and view all the answers

    Diagnostic Analytics aims to answer the question 'What happened?'

    <p>False</p> Signup and view all the answers

    Predictive Analytics deals with understanding 'What is likely to happen?'

    <p>True</p> Signup and view all the answers

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