100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
MSIS 3223 - Exam 1 (Chapters 1-4)CORRECT 100% $12.99   Add to cart

Exam (elaborations)

MSIS 3223 - Exam 1 (Chapters 1-4)CORRECT 100%

 1 view  0 purchase
  • Course
  • MSIS 3223 -
  • Institution
  • MSIS 3223 -

Descriptive analytics helps detect hidden patterns in large quantities of data to group data unto sets to predict behavior. - ANSWERFalse. 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 ta...

[Show more]

Preview 1 out of 4  pages

  • November 1, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MSIS 3223 -
  • MSIS 3223 -
avatar-seller
papersbyjol
MSIS 3223 - Exam 1 (Chapters 1-
4)CORRECT 100%

Descriptive analytics helps detect hidden patterns in large quantities of data to group data unto sets
to predict behavior. - ANSWERFalse.



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. - ANSWERFalse.



Prescriptive analytics can help a company address the best way of shipping goods from their factories
to minimize costs. - ANSWERTrue.



Analyzing the problem is the first phase in decision making. - ANSWERFalse.



A deterministic model is one in which all model input information is wither known or assumed to be
known with certainty. - ANSWERTrue.



The demand for professionals with analytics expertise has skyrocketed. - ANSWERTrue.



Modern business analytics can be viewed as an integration of Business Intelligence, Information
Systems, statistics, and modeling and optimization. - ANSWERTrue.



Statistics has a long 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. -
ANSWERTrue.



Decision models typically have three types of input: Data, Uncontrollable Inputs, and Decision
Options. - ANSWERTrue.



Form controls are buttons, boxes, and other mechanisms for inputting or changing data on
spreadsheets easily and used to design user-friendly spreadsheets. - ANSWERTrue.

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 papersbyjol. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82191 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
$12.99
  • (0)
  Add to cart