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4 Time series models are forecasting tools which use time as the primary independent variable
Forecasting
Transmitting
Reacting
Creating
5 A neural network is an analytical model inspired by the structure of the brain, its neurons, and
their connections
True
False
6 Economists similarly employ forecasting algorithms to predict future market changes based on
present-day variables is an example of _____
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Traditional Mining
Under Mining
Scientific Mining
Optional Mining
7 Data mining techniques are applied to give offline insight and monitoring of data to the
stakeholders
True
False
9 Optimisation technique that use processes such as genetic combination , mutation and natural
selection in design based on concept of natural evolution is an example of
Simple Algorithms
Neural Algorithms
Genetic Algorithms
None of the these
10 Merges the data from multiple heterogenous data sources in to coherent data store Is an example
of
Data Deployment
Data Association
Data Dis association
Data Integration
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2 Describing or summarising the existing data using existing business intelligence tools to better
understand what is going on or what has happened is an example of
Descriptive Analysis
Diagnostic Analysis
Predictive Analysis
Presumptive Analysis
3 Descriptive Analytics is a statistical method that is used to search and summarise historical data
in order to identify the pattern or meaning
Mathematical
Statistical
Political
Social
4 Descriptive Analytics presents _______ data in an easily digestible format for the benefit of a wide
business audience
Thorough
Rough
Pure
Past
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6 The two measures used to determine the shape of distributions are skewness and _______
Kurtosis
Kosis
Tosis
Machine learning
7 Data Analytics will move further away from Predictive Analytics toward Prescriptive Analytics
True
False
8 Predictive Analytics techniques will continue to evolve into Prescriptive Analytics, creating a
mash-up of “predictions, simulations, and ________
Characterization
Rasterization
Optimization
Minimisation
9 Emphasizes on predicting the possible outcome using statistical models and machine learning
techniques is called
Pre-emptive analysis
Productive Analysis
Predictive Analysis
Sales Analysis
10 Descriptive Analytics is meant to provide insight into historical patterns of behaviours and
performance in online learning environments
Modern
Historical
Local
International
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4 Company providing data on a regular basis to a third party and gets the results back online is an
example of Analytics as an ongoing outsourced service
True
False
6 ______ tools are being used to obtain, analyze and assess underpaid tax and duty amounts
Analytic
Psychometric
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Social
Demographic
8 Diagnostic tools and data analyticsdoesn’t help to look into the future as well as into the past
True
False
9 By bringing together information from a range of corporate functions and external sources,
companies can simulate ______ scenarios
What If
What Not
What to
Why not
10 __________ data visualization tools allow managers to easily search, filter and compare people
by centralizing information
Reactive
Proactive
Interactive
Assumptive
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1 The term “predictive analytics” describes the application of a statistical or machine learning
technique to create a quantitative prediction about the future
Opposite
Quantitative
Economic
None of the these
2 The process harnesses heterogeneous, often massive, data sets into _______
Products
Markets
Models
All of the these
3 Predictive Analyticscan generate clear, actionable outcomes to support achieving that goal
True
False
4 Models do not enable the assessment of either the promise or risk presented
True
False
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7 To extract value from big data, businesses apply _______ to large data sets using tools
Science
Algorithms
Assumptions
Guess-work
8 _______ learning techniques are used to find patterns in data and to build models that predict
future outcomes
Electronic
Social
Classroom
Machine
9 A variety of machine learning algorithms are available, including linear and nonlinear ________
Aggression
Retribution
Regression
Location
10 Predictive analytics makes looking into the future more accurate and reliable than previous tools
True
False
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1 Prescriptive Analytics is the area of data analytics that focuses on finding the best course of
_______ in a scenario given the available data
Reaction
Inaction
Action
Situation
2 Prescriptive analytics aims to find the best solution given a variety of choices
True
False
5 In healthcare business intelligence, prescriptive analytics is applied across the industry, both in
_______ care and healthcare administration
Patient
Self
Industry
Economy
6 Prescriptive analytics provide intelligent recommendations for the optimal next steps
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Unintelligent
Intelligent
7 Prescriptive analytics may not help pharmaceutical companies to expedite their drug development
True
False
9 Along with prescriptive analytics ________ analytics can help companies alter future
Repetitive
Alternate
Typical
Predictive
10 Prescriptive analytics can continually take in _____ data to re-predict and re-prescribe
New
Vague
Very old
None of the these
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2 Big data describes the collection of data sets that are so large and complex that software systems
are hardly able to process them
Machine learning
Learning optimization
Data set
Big Data
3 Three terms in business literature are often related to one another: analytics, business analytics,
and business _________
Assimilation
Learning
Intelligence
Organisation
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7 Generation of detailed statistical reports narrowly focused on the data related to targets of
True
False
8 Defining a solution approach to determine the nature and extent of technology and business
process changes is essential when defining the ________
Business
Scope
Finances
Market
9 How many important steps are there in the business analytics process
None
One
As many as you may like
Eight
10 Suggesting follow-up projects and initiatives to fully realize the intended business objectives of
the project is not a part of the key responsibility while assessing Value Created by the Solution
True
False
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1 A _________is a large sheet having data and information arranged in rows and columns in Excel
Widesheet
Spreadsheet
Tax sheet
None of the these
2 Before using the sort function or pivot tables, the data must be _______
Ignored
Sold
Cleaned
Re-used
4 It is possible to create multiple pivot tables and manually add result together
True
False
5 When using the sort function in Excel, one can use _______ formula
COUNTIF
COUNTNOT
COUNTAGAIN
DONOTCOUNT
6 With a large data set , manually counting or using the formula to count can be tedious and create
opportunities for error that’s why ______ table can be used
Maths
Scientific
Pivot
Calculative
Display
8 It is also essential to not lump data analyses together and make generalisation
True
False
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2 Programming for ________ differs in the sense that it helps the user to pre-process, analyze and
generate predictions from the data
Software application
Data Science
Computer Science
Applications
3 Data scientist have developed some software’s that are used in the business analytics by the
various entrepreneurs depending up on type of their activities and need
True
False
5 In a recent worldwide survey, it was found that _____% of the almost 24,000 data professionals
used Python
6 ________is an open-source language and software for statistical computing and graphics
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R
U
W
M
7 Hadoop is a processing framework that manages data processing and storage for big data
applications running in clustered systems
Oop
Toop
Hadoop
Hpood
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2 __________transformation begins and ends with how you think about, and engage with,
customers
Social
Economic
Digital
Local
3 Thinking, planning, and building digitally sets you up to be agile, flexible, and ready to grow
True
False
5 Real transformation comes when you look at all available technologies and consider how adapting
your business to them can give customers a better experience
True
False
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9 Consumers now conduct less and less bank business via the web, including payments
True
False
10 Digital transformation is a _______ shift, and a reimagining of all of your company’s processes
and ways of doing things
Optional
Physical
Emotional
Cultural
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