3 kinds of analytics - Study guides, Class notes & Summaries

Business Intelligence, Analytics, Data Science, and AI, 5th Edition by Ramesh Sharda, Dursun Delen, Efraim Turban Chapter 11 Ethical, Privacy and Managerial Considerations in Analytics 1) Business problems are the problems where the research teams are willing to learn some new things from the data and are often required to innovate a new method to solve these kinds of problems. Answer: FALSE Diff: 2 Page Ref: 664 2) According to the opening vignette, simple predictive models can b...

American Recovery and Reinvestment Act (ARRA) **Authorized INCENTIVE PAYMENTS to specific types of hospitals & healthcare professionals for adopting & using interoperable Health Information Technology and EHR's. The purposes of this act include the following: (1) To preserve/create jobs and promote economic recovery. (2) To assist those most impacted by the recession. (3) To provide investments needed to increase economic efficiency by spurring technological advances in science and health. (4...

Netflix has 100 million subscribers. Which of the following trends is most responsible for their success? A) Digitization Law B) Ubiquitous network access C) Digital computers are increasingly complex D) Declining storage cost -ANSWER B) Ubiquitous network access If you hear the statistic: 'There are almost 3 billion smartphones in use in the world today.' Which of the following trend is it most closely related to? A) Cost of computing power have decline B) Ubiquitous network access ...

Data scientists are able to find ______, _________, and _____ in unstructured data. - Answer order, meaning, and value What is involved in the planning phase? - Answer 1. Defining goals 2. Organizing resources 3. Coordinate people 4. Schedule project What is involved in the wrangling phase? - Answer 5. Get data 6. Clean data 7. Explore data 8. Refine data What is involved in the Modeling phase? - Answer 9. Create model 10. Validate model 11. Evaluate model 12. Refine model What is ...

WGU C207 OA Partial test Questions with Answers. What are two potential uses of analytics? Choose 2 answers: a. To turn information into insight b. To develop fact-based strategies 2. Which two tools help users to understand processes? a. Control charts b. Flow charts 3. A scale is used to measure the thickness of randomly selected steel rods used in construction. It is accidentally programmed to add one millimeter to each rod. What is the resulting mistake representative of? a. System...

What are the 4 parts of data analytics cycle? - Answer Planning, Wrangling, Modeling and Applying This phase is also known as the discovery phase. During this phase, an analyst defines the major questions of interest that need to be answered, understand the needs of the stakeholders, and assess the resource constraints in the project. - Answer Business understanding ____________________ is the person who champions the vision of the project and has the authority to allocate resources. - An...

WGU C207 Data Driven Decision Making Quizzes & Answers(RATED A+) (Quiz 1) 1. For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... A) Statistics B) Analytics C) Management Science D) Histograms - ANSWER B (Quiz 1) 2. A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? A) Descr...

WGU D204: The Data Analytics Journey (Answered) Verified Solution 2023 100% Data scientists are able to find ______, _________, and _____ in unstructured data. order, meaning, and value What is involved in the planning phase? 1. Defining goals 2. Organizing resources 3. Coordinate people 4. Schedule project What is involved in the wrangling phase? 5. Get data 6. Clean data 7. Explore data 8. Refine data What is involved in the Modeling phase? 9. Create model 10. Validate model ...

What does the term "ethics" mean? → -a set of moral principles → -the principles of conduct governing an individual or group What does ethics have to do with information systems and information technologies? → as technology advances, so too do the ethical dilemmas surrounding it What kinds of ethical dilemmas are faced in IT? → -**P**rivacy → -**A**ccuracy → -**P**roperty → -**A**ccess Where can our ethical principles be drawn from? → -personal values → -cultu...

What are the 4 parts of data analytics cycle? - Answer Planning, Wrangling, Modeling and Applying This phase is also known as the discovery phase. During this phase, an analyst defines the major questions of interest that need to be answered, understand the needs of the stakeholders, and assess the resource constraints in the project. - Answer Business understanding ____________________ is the person who champions the vision of the project and has the authority to allocate resources. - An...