100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
BUAN 6320 QUIZ 1 QUESTIONS AND ANSWERS ALREADY PASSED $9.99   Add to cart

Exam (elaborations)

BUAN 6320 QUIZ 1 QUESTIONS AND ANSWERS ALREADY PASSED

 11 views  0 purchase
  • Course
  • BUAN 6320
  • Institution
  • BUAN 6320

BUAN 6320 QUIZ 1 QUESTIONS AND ANSWERS ALREADY PASSED Question: What is the primary objective of business analytics? Answer: The primary objective of business analytics is to use data and statistical analysis to drive decision-making and improve business performance. Question: What distin...

[Show more]

Preview 2 out of 9  pages

  • August 13, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • BUAN 6320
  • BUAN 6320
avatar-seller
StellarScores
BUAN 6320 QUIZ 1 QUESTIONS AND
ANSWERS ALREADY PASSED
Question: What is the primary objective of business analytics?


Answer: ✔✔ The primary objective of business analytics is to use data and statistical analysis to

drive decision-making and improve business performance.




Question: What distinguishes descriptive analytics from predictive analytics?


Answer: ✔✔ Descriptive analytics focuses on summarizing past data to understand what

happened, while predictive analytics uses statistical models and machine learning to forecast

future trends.




Question: In a dataset, what is the purpose of data normalization?


Answer: ✔✔ Data normalization is used to adjust the scales of different variables to a common

scale without distorting differences in the ranges of values. This helps in improving the

performance of analytical models.




Question: What is a key difference between supervised and unsupervised learning in machine

learning?




1

, Answer: ✔✔ Supervised learning involves training a model on labeled data where the outcomes

are known, while unsupervised learning deals with unlabeled data to find hidden patterns or

intrinsic structures.




Question: What does the term "data wrangling" refer to in data preparation?


Answer: ✔✔ Data wrangling refers to the process of cleaning and transforming raw data into a

format suitable for analysis. This includes handling missing values, outliers, and inconsistencies.




Question: Why is it important to conduct a data quality assessment before performing analytics?


Answer: ✔✔ Conducting a data quality assessment ensures that the data used for analysis is

accurate, complete, and reliable, which is crucial for obtaining valid and actionable insights.




Question: What is a pivot table and how is it used in data analysis?


Answer: ✔✔ A pivot table is a data processing tool used to summarize, analyze, and present data

in a spreadsheet. It allows users to group, filter, and aggregate data dynamically.




Question: Explain the concept of "big data" and its relevance to business analytics.




2

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller StellarScores. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80796 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$9.99
  • (0)
  Add to cart