Business Analytics EBTM 350 Exam terms with Correct Answers.
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Course
Business Analytics EBTM
Institution
Business Analytics EBTM
BusinessAnalyticsEBTM350Examtermswith
CorrectAnswers.
Visual Perspective of Business Analytics
Descriptive analytics - Correct Answer the use of data to understand past and current
business performance and make informed decisions
Predictive analytics - Correct Answer predict the future by exam...
Business Analytics EBTM 350 Exam terms with
Correct Answers.
Visual Perspective of Business Analytics
Descriptive analytics - Correct Answer the use of data to understand past and current
business performance and make informed decisions
Predictive analytics - Correct Answer predict the future by examining historical data,
detecting patterns or relationships in these data, and then extrapolating these
relationships forward in time.
Prescriptive analytics - Correct Answer identify the best alternatives to minimize or
maximize some objective
Data set - Correct Answer a collection of data
Database - Correct Answer a collection of related files containing records on people,
places, or things
Metric - Correct Answer a unit of measurement that provides a way to objectively quantify
performance
Measurement - Correct Answer the act of obtaining data associated with a metric
Measures - Correct Answer numerical values associated with a metric
Discrete Metric - Correct Answer one that is derived from counting something
Like:
Delivery is on time or not, order is complete or incomplete
Continuous Metrics - Correct Answer are based on a continuous scale of measurement.
Like:
Dollars, length of time, volume, weight
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