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