C prescriptive analytics - Study guides, Class notes & Summaries

Data the facts & figures collected, analyzed, and summarized for presentation and interpretation Dataset all the data collected for a particular analysis Element the entity on which data is collected Variable a characteristic of interest of an element Observation the variables associated with an individual element Categorical use numeric or ordinal values of measurement of categories Quantitative use numeric (quantitative) measures The type...

WGU D204 Exam Questions With Correct Answers Latest Updated 2024/2025 Rated A+. A data set has K variables, and the classifying method has the following steps: compare levels on nearby data, assign a new case to a category of nearby beta, locate the case in a k-dimensional space, in which order should the steps be applied a. Assign compare locate b. Compare assign locate c. Locate compare assign d. Locate assign compare - ANSWER-c. Locate compare assign In which phase of the data analytic...

TEST BANK BUSINESS ANALYTICS 2nd EDITION James R. Evans 2024 || All Chapters A+ Business Analytics (Evans) Chapter 1 Introduction to Business Analytics 1) Descriptive analytics: A) can predict risk and find relationships in data not readily apparent with traditional analyses. B) helps companies classify their customers into segments to develop specific marketing campaigns. C) helps detect hidden patterns in large quantities of data to group data into sets to predict behavior. D) can use...

WGU D204 Exam Questions & Answers Latest Updated 2024/2025 | Scored A+. What questions will data analytics consider improving 10% market share value to open new store in a different location? a. Get list of geographic areas b. Reduce staff pay by 10% c. Check compatible market value d. None of the above - ANSWER-C Check compatible market value A data set has K variables, and the classifying method has the following steps: compare levels on nearby data, assign a new case to a category of n...

WGU C207 Final Self-Assessment Questions and Answers Latest Update 2023/2024. Question 1 Amanda is measuring the temperature. She looks at the thermometer and sees that it is somewhere between 65 and 66 degrees Fahrenheit. She is okay with the temperature in between two integers because she knows temperature is not data, but temperature is data. • a) Nominal, Ordinal • b) Nominal, Discrete • c) Continuous, Discrete • d) Discrete, Continuous Feedback: The correct answer is D. Te...

WGU C207 Pre-Assessmen Multi Choice Version Data-Driven Decision Making (PVPC) Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? a. Prescriptive b. Predictive c. Pareto chart d. Biased - ANSWER a What are two reasons for the increasing use of analytics in organizational decision making? a. Relatively lower cost of compu...

WPC FW 300 Comprehensive Exam 3 || Questions & Answers (Rated A+) WPC FW 300 Comprehensive Exam 3 || Questions & Answers (Rated A+) Predictive analytics may be applied to __________, which is a set of techniques that use descriptive data and forecasts to identify the decisions most likely to result in the best performance. a. Explanatory analytics b. Prescriptive analytics c. Forecast analytics d. Descriptive analytics - ANSWER - Prescriptive Analytics Which of the following is an ex...

BSIS 308 Exam 1 | Questions with 100% Correct Answers In some instances, advanced analytics refers to: a) descriptive and prescriptive analytics b) simulation c) predictive and prescriptive analytics d) decision analysis A company's human resources department is responsible for ensuring all of the following except that the: a) organization has the mix of skill sets necessary to meet its needs b) highest-quality talent is hired c) employees are having the proper amount of taxes removed from th...

D293 - Assessment and Learning Analytics Quiz |Questions With Verified A Rated Answers 1. ____________ ____________ answers the question: "Why did it happen? Diagnostic analytics 2. ____________ ____________ answers the question: "What happened? Descriptive analytics 3. ____________ ____________ answers the question: "What is likely to happen?" Predictive analytics 4. ____________ ____________ answers the question: "What should be done?" Prescriptive analytics ...

WGU C207 Final Self-Assessment Q&A Question 1 Amanda is measuring the temperature. She looks at the thermometer and sees that it is somewhere between 65 and 66 degrees Fahrenheit. She is okay with the temperature in between two integers because she knows temperature is not data, but temperature is data. • a) Nominal, Ordinal • b) Nominal, Discrete • c) Continuous, Discrete • d) Discrete, Continuous Feedback: The correct answer is D. Temperature is not a measure that comes in in...