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Question 1
1 / 1 pts
In an agile approach of analytics what is the first step of the process?
Model data
Correct!
Perform business discovery
Public database
Correct!
Data warehouse
Question 3
1 / 1 pts
What are the four types of data analytical method?
Descriptive, analytical, predictive and prescriptive
Correct!
Descriptive, explanatory, predictive and prescriptive
Question 4
1 / 1 pts
Which of the following is an example of secondary data?
Simulated data
Survey data
Interview data
Correct!
Firm's proprietary data
Question 5
1 / 1 pts
Which of the following data analysis models use optimization techniques?
Descriptive analytics
Correct!
Prescriptive analytics
Diagnostic analytics
Predictive analytics
Question 6
1 / 1 pts
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.
Forecast analytics
Descriptive analytics
Correct!
Prescriptive analytics
Explanatory analytics
Question 7
1 / 1 pts
Target is examining their online sales data during the pandemic to understand what happened.
Which kind of analytical technique are they using?
Forecast analytics
Prescriptive analytics
Predictive analytics
Correct!
Descriptive analytics
Question 8
1 / 1 pts
Costco wants to know how to stock their warehouses for a future pandemic and are using current
sales data to help them project the needs. Which kind of analytical technique are they using?
Descriptive analytics
Prescriptive analytics
Explanatory analytics
Correct!
Predictive analytics
Question 9
1 / 1 pts
Your professor is considering purchasing a self-driving car that can figure out the best route and
the optimum safe way to drive there without human intervention. What kind of analytics is the
car using to do this?
Descriptive analytics
Correct!
Prescriptive analytics
Predictive analytics
Explanatory analytics
Question 10
1 / 1 pts
Which of the following question(s) can be better answered using data in order to reach an
evidence-based conclusion?
How many students will enroll for an online class in the Spring?
Correct!
All of the answer selections are correct.