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BA S2

QuestionAnswer
Of the following is a benefit of business analytics? Making decisions based on guesswork Ignoring historical trends Eliminating the need for managers Improving decision-making and business insights Improving decision-making and business insights
Warehouses store historical data. Choices: True / False True
Reports come from: Choices: Analyzing data Storing data Deleting data Collecting data only Analyzing data
Management is unnecessary in analytics deployment. Choices: True / False False
Analytics describes past events to provide insights. Choices: True / False True
Example of data warehouse usage: Choices: Tracking historical sales trends Customer service chat Running payroll Scanning barcodes at checkout Tracking historical sales trends
NOT a characteristic of a data warehouse: Choices: Real-time transactional updates Integrated Time-variant Subject-oriented Subject-oriented
Analytics recommends the best course of action. Choices: True / False True
Analytics commonly used for: Choices: Forecasting customer behavior Summarizing historical sales reports Describing past revenue trends Creating data warehouses Forecasting customer behavior
Demand models assume demand decreases as price increases. Choices: True / False True
Computing used for remote storage and computation: Choices: True / False True
Databases are usually non-volatile. Choices: True / False False
Data warehouse integrates data from multiple sources. Choices: True / False True
What is data? Choices: Raw facts and figures Processed information Business decisions Customer behavior Raw facts and figures
Analytics type that recommends best course of action: Choices: Diagnostic Prescriptive Descriptive Predictive Prescriptive
Data warehouses are ______, time-variant, and non-volatile. Subject-oriented
Storage in analytics is used to: Choices: Reduce data accuracy Store data remotely and access anytime Replace all analytics models Only store images Store data remotely and access anytime
Data in a warehouse means: Choices: Data from multiple sources is combined consistently Data is deleted after use All users can modify it Only numerical data is included Data from multiple sources is combined consistently
NOT part of problem-solving process: Choices: Recognizing the problem Ignoring the data Analyzing the problem Implementing the solution Ignoring the data
Data includes structured and unstructured data. Choices: True / False True
Data warehouse is same as operational database. Choices: True / False False
Analytics type predicting future outcomes: Choices: Predictive Exploratory Descriptive Prescriptive Predictive
Analytics can use: Choices: Time-series graphs only Social media posts Transactional databases Optimization models Optimization models
Process of examining data to extract insights: Analytics
Decision model represented as: Choices: Raw data Mathematical formula/diagram/description Spreadsheet only Transactional database Mathematical formula, diagram, or description
Non-volatile: Choices: Real-time data Transaction logs Operational database Data warehouse Data warehouse
Prescriptive analytics benefit: Choices: True / False True
Analytics forecasts future outcomes: Choices: True / False True
Analytics helps detect fraud: Choices: True / False True
Evolution: intuition to ______ decision-making Data-driven
Greatest benefit of analytics: Choices: Better enabling strategic initiatives Reducing costs Improving product innovation Better decision-making Better decision-making
Second step in decision-making: Choices: Implement the chosen alternative Evaluate evidence Analyze results Gather relevant information Gather relevant information
Last step is to implement the chosen alternative. Choices: True / False False
First step in decision-making: Recognize/define the problem
In analytics (classification) refers to: Choices: Implementing decisions Assigning data to categories Evaluating pros and cons Tracking user behavior Assigning data to categories
In analytics ensures: Choices: Creation of records Sending notifications Classification of customers Data accuracy and compliance Data accuracy and compliance
Analytical usage scenario involves: Choices: Searching and extracting data Sending notifications Validating data Modifying records Searching and extracting data
Tool mapping decisions with outcomes: Choices: Decision Matrix SWOT Pros and Cons Decision Tree Decision Tree
Searching and retrieving data: Querying
Assigns data into categories: Choices: True / False True
Evaluation refers to: Choices: Sending emails Updating records Creating data Evaluating evidence Evaluating evidence
Ensures data meets defined standards: Data quality
Common decision-making challenge: Choices: Using decision tree Misidentifying the problem Listing pros and cons Implementing decision Misidentifying the problem
Behavioral analytics (minimum viable tracking): Choices: True / False True
Second step is gathering relevant information. Choices: True / False True
Analytics forwards information to end users. Choices: True / False True
Ensures data meets defined constraints: Choices: True / False True
Last step analyzes the ______ achieved: Results
Matrices help prioritize and evaluate: Choices: True / False True
Analytics only tracks offline behavior: Choices: True / False False
Decision-making should not be rushed or delayed: Choices: True / False True
Last step in 7-step process: Choices: Evaluate evidence Identify options Analyze results Implement alternatives Analyze results
Cost-benefit analysis compares costs and benefits: Choices: True / False True
NOT behavioral analytics: Choices: Payroll analytics Online gaming analytics E-commerce analytics Security analytics Payroll analytics
Analytics improves retention and revenue: Choices: True / False True
Best defines data: Choices: Business decisions Processed information Customer behavior Raw facts and figures Raw facts and figures
Analytics involves: Choices: Adjusting records Accessing data Sending alerts Categorizing users Accessing data
Pros and cons replace other tools: Choices: True / False False
Evaluating advantages/disadvantages: Choices: SWOT Decision Matrix Pros and Cons Decision Tree Pros and Cons
Major benefit of DAP: Choices: Centralized insights Reduce storage cost Eliminate analysts Faster collection Centralized insights
Created by: user-2030059
 

 



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