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F4 Analytics

QuestionAnswer
term “Minimum Viable Instrumentation” in behavioral analytics refers to: Tracking only essential events initially
in analytical usage means creating new master records. False
is considered a competitive resource because: It helps in better decision-making
helps companies by: Providing actionable insights
analytics is only applicable to online gaming. False
analytical usage scenario is about checking if data meets validity constraints? Validation
analytics can help businesses increase: Engagement and retention
process of checking if data meets defined constraints is called ________. VALIDATION
10th step of behavioral analytics is to start digging into ________ ________. USER BEHAVIOR
in analytics is used to: Assign data into specific categories
percentage of companies believe analytics will become more important in the next 3 years? 96%
key barrier to effective analytics is: Access to skilled talent
analysis stands for Strengths, Weaknesses, Opportunities, and Threats. True
decision tree is a visual tool to map out complex decisions. True
greatest benefit of analytics, according to nearly half of respondents, is: Better decision-making
tool that visually compares options based on weighted criteria is called a ________ ________. DECISION MATRIX
type of behavioral analytics is used to predict in-game purchases? Online gaming
has no impact on marketing and sales. False
is a common challenge in decision-making. True
first step in decision-making is to ________ the decision to be made. IDENTIFY
and cons lists are useful because they: Encourage objective evaluation
user behavior can help increase customer lifetime value. True
process of checking if data meets defined constraints is called ________. VALIDATION
for decision-making include all except: Gantt Chart
10th step of behavioral analytics is to start digging into ________ ________. USER BEHAVIOR
matrices cannot help prioritize tasks. False
decision tree is a visual tool to map out complex decisions. True
has evolved from intuition-based decisions to ________-driven decision-making. DATA
evolution shows that businesses have shifted from intuition to: Data-driven decision-making
in analytical usage means creating new master records. False
behavior analytics means tracking users across: Multiple platforms/devices
in analytics refers to sending insights to decision-makers. True
analytics is widely used in: E-commerce and retail
helps companies by: Providing actionable insights
analytics focuses on: Understanding user actions
SWOT diagram helps businesses analyze: Strengths, weaknesses, opportunities, and threats
of the following is an example of modification in analytical usage? Updating a customer profile after analysis
analytics tracks actions like purchases, clicks, and app usage. True
decision-making, evaluating evidence involves: Listing pros and cons of each option
is a common challenge in decision-making. True
analytical usage scenario is about checking if data meets validity constraints? Validation
process of checking if data meets defined constraints is called ________. VALIDATION
tool that visually compares options based on weighted criteria is called a ________ ________. DECISION MATRIX
analytics focuses on: Understanding user actions
first step in decision-making is to ________ the decision to be made. IDENTIFY
department invests the second most in analytics, after finance? Marketing and Sales
data is not a part of the analytics evolution process. False
10th step of behavioral analytics is to start digging into ________ ________. USER BEHAVIOR
of the common challenges of decision-making is having too much or not enough ________. INFORMATION
decision matrix helps in: Comparing options visually
analysis is mainly used to: Evaluate additional benefits vs additional costs
diagram used to determine a course of action with multiple branches is called a ________ ________. DECISION TREE
is a step in the decision-making process. True
and cons lists can prevent decision-making paralysis. True
a master record into a specific category using analytics is called ________. CLASSIFICATION
of the following is an example of modification in analytical usage? Updating a customer profile after analysis
in analytical usage means creating new master records. False
is only useful for finance departments. False
analysis stands for Strengths, Weaknesses, Opportunities, and Threats. True
tool that visually compares options based on weighted criteria is called a ________ ________. DECISION MATRIX
in analytics is used to: Assign data into specific categories
greatest benefit of analytics, according to nearly half of respondents, is: Better decision-making
data is not a part of the analytics evolution process. False
percentage of companies believe analytics will become more important in the next 3 years? 96%
10th step of behavioral analytics is to start digging into ________ ________. USER BEHAVIOR
diagram used to determine a course of action with multiple branches is called a ________ ________. DECISION TREE
of the common challenges of decision-making is having too much or not enough ________. INFORMATION
process of checking if data meets defined constraints is called ________. VALIDATION
evolution shows that businesses have shifted from intuition to: Data-driven decision-making
has no impact on marketing and sales. False
is only useful for finance departments. False
analytics is only applicable to online gaming. False
analysis compares benefits and costs incrementally. True
of the following is not a step in the decision-making process? Predict competitor actions
behavior analytics means tracking users across: Multiple platforms/devices
analytics helps companies increase engagement, retention, and ________. ULTIMATELY REVENUE
Created by: PipoyKuraku
 

 



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