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Study Terms Data-Driven Decision Making

Authored by Clouded Jester

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Study Terms Data-Driven Decision Making
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14 questions

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1.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

There are two types of statistics (Analytics)

Descriptive and Inferential

inform / Explanatory

Predict / Trend

2.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Descriptive statistics are used to ______

Inform / Explanatory

Predict / Trend

Descriptive and Inferential

3.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Inferential statistics are used to ______

Predict / Trend

Inform / Explanatory

Descriptive and Inferential

4.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Name the 4 levels of measurement

(NOIR) Nominal, Ordinal, Interval Ratio

Plan - Do – Study – Act

5.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Use Data to describe what has happened over a given time period

Descriptive Analytics

Predictive Analytics

Prescriptive Analytics

6.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Use Data from the past to predict the future

Predictive Analytics

Descriptive Analytics

Prescriptive Analytics

7.

MULTIPLE CHOICE QUESTION

15 mins • 1 pt

Use Data to determine the best possible decision to puruse

Prescriptive Analytics

Descriptive Analytics

Predictive Analytics

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