100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Business analytics model questions & answers. $9.29   Add to cart
Quickly navigate to
Preview
  2.  
  3. Business Analytics
  4.  
  5. Business Analytics

Exam (elaborations)

Business analytics model questions & answers.
 7 views  0 purchase
  • Course
  • Business Analytics
  • Institution
  • Business Analytics

Business analytics model questions & answers.

Preview 1 out of 2  pages

Document information

  • August 26, 2024
  • 2
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • business analytics model questions answers

Written for

  • Business Analytics
  • Business Analytics

Seller

avatar-seller
Professorkaylee

Content preview

Business analytics model questions &
answers.

Business Analytics (BA) ANS - uses data and statistical methods to gain insight into the data and provide
decision makers with information they can act on



Business Analytics (BA) ANS - the scientific process of transforming data into insight for making better
decisions



Business Analytics (BA) ANS - a process beginning with business-related data collection and consisting
of sequential application of descriptive, predictive, and prescriptive major analytic components, the
outcome of which supports and demonstrates business decision-making and organizational
performance



descriptive, predictive, prescriptive ANS - What is the 3 step process to the BA model



Descriptive Analytics (past) ANS - The application of simple statistical techniques that describes what is
contained in a data set or data base



Predictive Analytics ANS - An application of advanced statistical, information software, or operations
research methods to identify predictive variables and build predictive models to identify trends and
relationships not readily observed in a descriptive analysis



Prescriptive Analytics ANS - An application of decision science, management science, and operations
research methodologies to make best use of allocable resources



descriptive ANS - encompasses the set of techniques that describes what has happened in the past



predictive ANS - consists of techniques that use models constructed from past data to predict the
future or ascertain the impact of one variable on another

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 Professorkaylee. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $9.29. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

79223 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
$9.29
  • (0)
  Add to cart