Business Intelligence (CH3), Business Analytics Exam 1 CIS 4093 Chapter 3, isds 2001 ch. 2 test bank Data Science Exam 1 (with evaluated Answers) Exam #1- Business Analytics with 100% Correct Answers Test 4 - Business Analytics- Latest Version- Test Bank Exam for Business Analytic-Questions with A...
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In the Isle of Capri case, the only capability added by the new software was increased processing speed of processing reports. (T/F) - Answer-F Data warehouse administrators (DWAs) do not need strong business insight since they only handle the technical aspect of the infrastructure. (T/F) - Answe...
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Add to cartIn the Isle of Capri case, the only capability added by the new software was increased processing speed of processing reports. (T/F) - Answer-F Data warehouse administrators (DWAs) do not need strong business insight since they only handle the technical aspect of the infrastructure. (T/F) - Answe...
statistics - Answer-both the science of uncertainty and the technology of extracting information from data statistics - Answer-involves collecting, organizing, analyzing, interpreting, and presenting data a statistic - Answer-a summary measure of data is? descriptive statistics - Answer-ref...
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Add to cartstatistics - Answer-both the science of uncertainty and the technology of extracting information from data statistics - Answer-involves collecting, organizing, analyzing, interpreting, and presenting data a statistic - Answer-a summary measure of data is? descriptive statistics - Answer-ref...
What is big data? - Answer-Big data will show you trends and patterns, small data will not What drives big data? - Answer-As the world becomes more digital, we become more connected. Electronic devices are becoming more economical - meaning more people are gaining access to the digital space. Tra...
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Add to cartWhat is big data? - Answer-Big data will show you trends and patterns, small data will not What drives big data? - Answer-As the world becomes more digital, we become more connected. Electronic devices are becoming more economical - meaning more people are gaining access to the digital space. Tra...
A business model describes how a company produces, delivers, and sells a product or service to create wealth. - Answer-True Information Technology (IT) consists of all the hardware a firm needs to use in order to achieve its business objectives, where as information systems consist of all of the ...
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Add to cartA business model describes how a company produces, delivers, and sells a product or service to create wealth. - Answer-True Information Technology (IT) consists of all the hardware a firm needs to use in order to achieve its business objectives, where as information systems consist of all of the ...
Data warehouses are subsets of data marts. - Answer-false One way an operational data store differs from a data warehouse is the recency of their data. - Answer-true Organizations seldom devote a lot of effort to creating metadata because it is not important for the effective use of data wareh...
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Add to cartData warehouses are subsets of data marts. - Answer-false One way an operational data store differs from a data warehouse is the recency of their data. - Answer-true Organizations seldom devote a lot of effort to creating metadata because it is not important for the effective use of data wareh...
True - Answer-Market basket analysis is a data mining application that understands what products or services are commonly purchased together. True or False True - Answer-Artificial intelligence (AI) focuses on methods and technologies to emulate how humans learn and solve problems. True or ...
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Add to cartTrue - Answer-Market basket analysis is a data mining application that understands what products or services are commonly purchased together. True or False True - Answer-Artificial intelligence (AI) focuses on methods and technologies to emulate how humans learn and solve problems. True or ...
data warehouses - Answer-where data is stored electronically, in vast digital repositories big data - Answer-data sets so large that traditional methods of storage and analysis are inadequate transactional data - Answer-data collected for recording the companies' transactions data mining o...
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Add to cartdata warehouses - Answer-where data is stored electronically, in vast digital repositories big data - Answer-data sets so large that traditional methods of storage and analysis are inadequate transactional data - Answer-data collected for recording the companies' transactions data mining o...
Input is the information an information system produces and displays in the format most useful to an organization. True or False? - Answer-False The terms "business intelligence (BI) means to transform data into actionable intelligence that informs an organization's strategic and tactical busi...
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Add to cartInput is the information an information system produces and displays in the format most useful to an organization. True or False? - Answer-False The terms "business intelligence (BI) means to transform data into actionable intelligence that informs an organization's strategic and tactical busi...
Before implementing an active data warehouse solution, DirecTV pulled data from the server every night in batch mode, a process that was taking too long and straining the system. - Answer-True A data warehouse differs from an operational database in that most data warehouses have a product orie...
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Add to cartBefore implementing an active data warehouse solution, DirecTV pulled data from the server every night in batch mode, a process that was taking too long and straining the system. - Answer-True A data warehouse differs from an operational database in that most data warehouses have a product orie...
Typical charts, graphs, and other visual elements used in visualization-based applications usually involve ________ dimensions. - Answer-two ________ charts or network diagrams show precedence relationships among the project activities/tasks. - Answer-PERT ________ regression is a very popular...
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Add to cartTypical charts, graphs, and other visual elements used in visualization-based applications usually involve ________ dimensions. - Answer-two ________ charts or network diagrams show precedence relationships among the project activities/tasks. - Answer-PERT ________ regression is a very popular...
These are the reasons why companies use analytics except Government regulations protect companies; Proprietary technologies are copied; Geographic advantages do not exist anymore; Getting difficult to differentiate based on products, services, or uses of IT among companies today - Answer-Gover...
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Add to cartThese are the reasons why companies use analytics except Government regulations protect companies; Proprietary technologies are copied; Geographic advantages do not exist anymore; Getting difficult to differentiate based on products, services, or uses of IT among companies today - Answer-Gover...
business analytics - Answer-use of data, information technology, statistical analysis, quantitative method, and mathematical or computer based operations and make better, fact based decisions business intelligence - Answer-collection, management, analysis, and reporting of data information sys...
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Add to cartbusiness analytics - Answer-use of data, information technology, statistical analysis, quantitative method, and mathematical or computer based operations and make better, fact based decisions business intelligence - Answer-collection, management, analysis, and reporting of data information sys...
Business Week - Answer-Provides stats about the economy including production indices, stock prices, mutual funds and interest rates. Statistics - Answer-Numeral Facts (Average, Medians, Percents, and Index Numbers) Data - Answer-Facts and figures collected, analyzed and summarized for presenta...
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Add to cartBusiness Week - Answer-Provides stats about the economy including production indices, stock prices, mutual funds and interest rates. Statistics - Answer-Numeral Facts (Average, Medians, Percents, and Index Numbers) Data - Answer-Facts and figures collected, analyzed and summarized for presenta...
business analytics - Answer-use of data, information technology, statistical analysis, quantitative method, and mathematical or computer based operations and make better, fact based decisions business intelligence - Answer-collection, management, analysis, and reporting of data decision suppor...
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Add to cartbusiness analytics - Answer-use of data, information technology, statistical analysis, quantitative method, and mathematical or computer based operations and make better, fact based decisions business intelligence - Answer-collection, management, analysis, and reporting of data decision suppor...
Business analytics is the use of... - Answer-data, information technology, statistical analysis, quantitative methods, and mathematical or computer-based models to help managers gain improved insight about their business operations and make better, fact-based decisions. data mining - Answer-foc...
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Add to cartBusiness analytics is the use of... - Answer-data, information technology, statistical analysis, quantitative methods, and mathematical or computer-based models to help managers gain improved insight about their business operations and make better, fact-based decisions. data mining - Answer-foc...
Business Analytics - Answer-the use of data, information technology, statistical analysis, quantitative methods, and mathematical or computer-based models to help managers gain improved insight about their business operations and make better, fact- based decisions. Some common types of decisions ...
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Add to cartBusiness Analytics - Answer-the use of data, information technology, statistical analysis, quantitative methods, and mathematical or computer-based models to help managers gain improved insight about their business operations and make better, fact- based decisions. Some common types of decisions ...
Business Analytics - Answer-- the practice and art of bringing quantitative data to bear on decision making. Business Intelligence - Answer-- Data visualization and reporting for understanding "what happened and what is happening." -- Done by the use of charts, tables, and dashboards to displ...
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Add to cartBusiness Analytics - Answer-- the practice and art of bringing quantitative data to bear on decision making. Business Intelligence - Answer-- Data visualization and reporting for understanding "what happened and what is happening." -- Done by the use of charts, tables, and dashboards to displ...
the example in chapter 2 about Colgate-palmolive company focuses on what? - Answer-product density the sum of frequencies for all classes will always equal - Answer-the number of elements in a data set a frequency distribution is a tabular summary of data showing the - Answer-number of items i...
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Add to cartthe example in chapter 2 about Colgate-palmolive company focuses on what? - Answer-product density the sum of frequencies for all classes will always equal - Answer-the number of elements in a data set a frequency distribution is a tabular summary of data showing the - Answer-number of items i...
Descriptive Analytics - Answer-the use of data to understand past and current business performance and make informed decisions Predictive Analytics - Answer-predict the future by examining historical data, detecting patterns or relationships in these data, and then extrapolating these relationshi...
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Add to cartDescriptive Analytics - Answer-the use of data to understand past and current business performance and make informed decisions Predictive Analytics - Answer-predict the future by examining historical data, detecting patterns or relationships in these data, and then extrapolating these relationshi...
Data Set - Answer-A simple collection of data or a data file Database - Answer-A collection of data files that contain information on people, locations, and so on Computer Clouds - Answer-Hardware and software used for data remote storage, retrieval, and computational functions Data Warehou...
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Add to cartData Set - Answer-A simple collection of data or a data file Database - Answer-A collection of data files that contain information on people, locations, and so on Computer Clouds - Answer-Hardware and software used for data remote storage, retrieval, and computational functions Data Warehou...
Chapter 1 - Answer-Data & Statistics Statistics - Answer-The art and science of collecting, analyzing, presenting, and interpreting data. statistics refers to - Answer-numerical facts such as averages, medians, percentages, and maximums that help us understand a variety of business and economi...
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Add to cartChapter 1 - Answer-Data & Statistics Statistics - Answer-The art and science of collecting, analyzing, presenting, and interpreting data. statistics refers to - Answer-numerical facts such as averages, medians, percentages, and maximums that help us understand a variety of business and economi...
Strategic decision - Answer-A decision that involves higher-level issues and that is concerned with the overall direction of the organization, defining the overall goals and aspirations for the organization's future. Tactical decision - Answer-concern how the organization should achieve the goal...
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Add to cartStrategic decision - Answer-A decision that involves higher-level issues and that is concerned with the overall direction of the organization, defining the overall goals and aspirations for the organization's future. Tactical decision - Answer-concern how the organization should achieve the goal...
Your job as a CEO or owner... - Answer-make company better and build shareholder value BA used to... - Answer-gain actionable insights to make better decisions and automate/optimize business processes Successful BA depends on: (3) - Answer-- data quality - skilled analyst who understand tech...
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Add to cartYour job as a CEO or owner... - Answer-make company better and build shareholder value BA used to... - Answer-gain actionable insights to make better decisions and automate/optimize business processes Successful BA depends on: (3) - Answer-- data quality - skilled analyst who understand tech...
Data Set - Answer-A collection of data. Marketing survey responses, a table of historical stock prices, and a collection of measurements of dimensions of a manufactured item are examples of data sets. Database - Answer-A collection of related files containing records on people, places, or things....
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Add to cartData Set - Answer-A collection of data. Marketing survey responses, a table of historical stock prices, and a collection of measurements of dimensions of a manufactured item are examples of data sets. Database - Answer-A collection of related files containing records on people, places, or things....
business analytics - Answer-the skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning business analytics focuses on - Answer-developing new insights and understanding of business performance ...
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Add to cartbusiness analytics - Answer-the skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning business analytics focuses on - Answer-developing new insights and understanding of business performance ...
Three Principles of Business Analytics - Answer-Business problem/oportunity X3 Business Intelligence - Answer-The ability to apprehend the interrelationships of presented facts in such a way as to guide action towards a desired goal. Business Intelligence - Answer-Concepts and methods to impro...
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Add to cartThree Principles of Business Analytics - Answer-Business problem/oportunity X3 Business Intelligence - Answer-The ability to apprehend the interrelationships of presented facts in such a way as to guide action towards a desired goal. Business Intelligence - Answer-Concepts and methods to impro...
What is the most important consideration in business analytics? - Answer-Understanding the PROBLEMS and OPPORTUNITIES that the analytical tool will help with and consider the connections. Business Intelligence - Answer--Paved the way for the business analytics. -Caused people to realize that da...
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Add to cartWhat is the most important consideration in business analytics? - Answer-Understanding the PROBLEMS and OPPORTUNITIES that the analytical tool will help with and consider the connections. Business Intelligence - Answer--Paved the way for the business analytics. -Caused people to realize that da...
business analytics - Answer-the use of data, information technology, statistical analysis, quantitative methods, and mathematical or computer-based models to help managers gain improved insight about their business operations and make better, fact-based decisions What are the three major componen...
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Add to cartbusiness analytics - Answer-the use of data, information technology, statistical analysis, quantitative methods, and mathematical or computer-based models to help managers gain improved insight about their business operations and make better, fact-based decisions What are the three major componen...
What is business analytics? - Answer-refers to the skills, technologies, and practices for continuous investigation of past business performance Independent variable - Answer-Variable whose value impacts dependent variables Dependent variable - Answer-variables representing market objectives, ...
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Add to cartWhat is business analytics? - Answer-refers to the skills, technologies, and practices for continuous investigation of past business performance Independent variable - Answer-Variable whose value impacts dependent variables Dependent variable - Answer-variables representing market objectives, ...
Long Range Plan (LRP) - Answer-A prediction of how the business will evolve within the next 3-5 years. Input is needed from all departments to formulate this plan; each of these groups has expectations that are translated into numbers to make a target Annual Business Plan (ABP) - Answer-How busin...
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Add to cartLong Range Plan (LRP) - Answer-A prediction of how the business will evolve within the next 3-5 years. Input is needed from all departments to formulate this plan; each of these groups has expectations that are translated into numbers to make a target Annual Business Plan (ABP) - Answer-How busin...
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