MSIS 3223 Exam Questions and Answers 100% Accurate
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Course
MSIS 3223
Institution
MSIS 3223
MSIS 3223 Exam Questions and Answers 100% AccurateMSIS 3223 Exam Questions and Answers 100% AccurateMSIS 3223 Exam Questions and Answers 100% AccurateMSIS 3223 Exam Questions and Answers 100% AccurateDescriptive Analytics - ANSWER-the use of data to understand past and current business performance ...
MSIS 3223 Exam Questions and
Answers 100% Accurate
Descriptive Analytics - ANSWER-the use of data to understand past and current
business performance and make informed decisions
Descriptive analytics helps detects hidden patterns in large quantities of data to group
data into sets to predict behavior. - ANSWER-False
A manager at Academy wishes to know the company's revenue and profit in its previous
quarter. Predictive analytics is what the manager should use for this task. - ANSWER-
False
Prescriptive analytics can help a company address the best way of shipping goods from
their factories to minimize costs. - ANSWER-True
Analyzing the problem is the first phase in decision making. - ANSWER-False
Product mix is determined by top managers. - ANSWER-True
A deterministic model is one in which all model input information is either known or
assumed to be known with certainty. - ANSWER-True
The demand for professionals with analytics expertise has skyrocketed. - ANSWER-
True
Modern business analytics can be viewed as an integration of Business Intelligence,
Information Systems, statistics, and modeling and optimization. - ANSWER-True
Statistics has a long and rich history, yet only rather recently has it been recognized as
an important element of business, driven to a large extent by the massive growth of
data in today's world. - ANSWER-True
Decision models typically have three types of input: Data, uncontrollable inputs, and
decision options. - ANSWER-True
A database is a collection of related files (tables) containing records on people, places,
or things. - ANSWER-True
Empirical data is data that comes from an organization's daily operations. - ANSWER-
False
A data set is simply a collection of data. - ANSWER-True
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