Data Science and BI: Statistical Modelling and Visualization

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SkilledChrysoprase848
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27 Questions

What is the lowest level of abstraction from which information and knowledge are derived?

Data

Which method is used to make real-world data analytics ready?

Statistical modeling

What is critical to analytics in terms of data quality and integrity?

Data quality and data integrity

What is a collection of facts obtained as the result of experiences, observations, or experiments?

Data

Which concept describes the relationship between statistical modeling and business analytics?

Real-world data analytics readiness

What is defined as a method used to derive information and knowledge from data?

Business reporting

Which of the following is an example of data content accuracy?

A scientific research paper that has gone through peer review and cross-verification

What type of data is considered rich in data?

Customer database with contact information, transaction history, preferences, feedback, and social media interactions

What does a sales analysis system with high granularity do?

Breaks down sales figures by individual SKU, store location, time of day, and customer demographics

Which example demonstrates maintaining data security and privacy?

Hospital implementing encryption and access control measures

In what context is data validity and relevance crucial?

Ensuring the data is valid and relevant to the research question in a study on new drug effects

Which type of data source reliability is exemplified by a reliable government health agency's reports on disease incidence rates?

Data content accuracy

What type of data ensures that the data is current and timely for traders making fast decisions?

Stock trading platform providing real-time market data feeds

Which example demonstrates maintaining data consistency?

'A multinational corporation using a centralized CRM system to manage contact information'

'An open data platform provided by a city council that allows residents to access real-time public transport schedules and city budget expenditures' is an example of what type of metric?

'Data accessibility'

What denotes an example of structured data?

Facts

What is the lowest level of abstraction from which information and knowledge are derived?

Data

Which type of data source reliability is exemplified by a reliable government health agency's reports on disease incidence rates?

Secondary data

What is critical to analytics in terms of data quality and integrity?

Data accuracy

What denotes an example of structured data?

A spreadsheet with clearly labeled columns and rows

'An open data platform provided by a city council that allows residents to access real-time public transport schedules and city budget expenditures' is an example of what type of metric?

Velocity metric

In what context is data validity and relevance crucial?

Business reporting

What type of data source reliability is exemplified by a hospital implementing encryption and access control measures to protect patients' medical records?

Data security and data privacy

In what context is data validity and relevance crucial?

Study on the effects of a new drug

What does a sales analysis system with high granularity do?

Breaks down sales figures by individual SKU, store location, time of day, and customer demographics

'An open data platform provided by a city council that allows residents to access real-time public transport schedules and city budget expenditures' is an example of what type of metric?

Data accessibility

What type of data ensures that the data is current and timely for traders making fast decisions?

Data currency/data timeliness

Test your knowledge of data nature, statistical modelling, visualization, and Power BI functionality. Explore the concepts related to business intelligence and analytics in the context of decision support systems.

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