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Business Analytics EBTM 350 Exam terms with Correct Answers. $19.49   Add to cart

Exam (elaborations)

Business Analytics EBTM 350 Exam terms with Correct Answers.

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  • Course
  • Business Analytics EBTM
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  • 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...

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  • October 24, 2024
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  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Business Analytics EBTM
  • Business Analytics EBTM
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Lectjoe
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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