BUAN 6320 - Chapter 1 & 2 Questions
and Answers 100% Pass
Question: What is the primary focus of Business Analytics?
Answer: The primary focus of Business Analytics is to use data analysis and statistical
methods to inform business decision-making, optimize processes, and improve organizat...
BUAN 6320 - Chapter 1 & 2 Questions
and Answers 100% Pass
Question: What is the primary focus of Business Analytics?
Answer: ✔✔ The primary focus of Business Analytics is to use data analysis and statistical
methods to inform business decision-making, optimize processes, and improve organizational
performance.
Question: What is a key difference between descriptive and predictive analytics?
Answer: ✔✔ Descriptive analytics focuses on summarizing historical data to understand past
performance, while predictive analytics uses statistical models and machine learning techniques
to forecast future outcomes.
Question: What role does data quality play in business analytics?
Answer: ✔✔ Data quality is crucial in business analytics because accurate and reliable data
ensures that analysis results are valid and actionable. Poor data quality can lead to misleading
insights and incorrect business decisions.
Question: What are the main types of data used in business analytics?
1
, Answer: ✔✔ The main types of data used in business analytics include structured data (e.g.,
databases, spreadsheets), unstructured data (e.g., text, social media posts), and semi-structured
data (e.g., XML, JSON).
Question: What is the purpose of a data warehouse in business analytics?
Answer: ✔✔ A data warehouse is used to consolidate data from various sources into a central
repository, making it easier to analyze large volumes of data and generate comprehensive
business insights.
Question: How do business intelligence tools differ from business analytics tools?
Answer: ✔✔ Business intelligence tools focus on reporting, querying, and visualizing historical
data, while business analytics tools emphasize advanced analysis, including predictive and
prescriptive analytics to guide future business strategies.
Question: What is a key challenge when implementing business analytics in an organization?
Answer: ✔✔ A key challenge is ensuring that there is a clear alignment between analytical
findings and business objectives. Additionally, integrating data from disparate sources and
fostering a data-driven culture can be challenging.
Question: What is the significance of the CRISP-DM methodology in data mining?
2
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