Power BI Module 2

Determine the correct scope of business analytics for the following definition. 

"The use of data to understand past and current business performance and make informed decisions"

• Descriptive Analytics

• Predictive Analytics

• Prescriptive Analytics

• Diagnostic Analytics

Determine the correct scope of business analytics for the following definition.

"Predict the future by examining historical data, detecting patterns or relationships in these data, and then extrapolating these relationships forward in time"

• Descriptive Analytics

• Predictive Analytics

• Prescriptive Analytics

• Diagnostic Analytics

Determine the correct scope of business analytics for the following definition.

"Identify the best alternatives to minimise or maximise some objective"

• Descriptive Analytics

• Predictive Analytics

• Prescriptive Analytics

• Diagnostic Analytics

Which Advanced Analytics has the highest value and highest complexity?

• Descriptive Analytics

• Predictive Analytics

• Prescriptive Analytics

• Diagnostic Analytics

What is the purpose of Optimization?

• Process of finding values of decision variables that minimize / maximize something such as cost / profit

  
  

• Extracting meaning from data to support evaluation and decision making

• The use of data to understand past and current business performance and make informed decisions

• Predict the future by examining historical data, detecting patterns or relationships in these data, and then extrapolating these relationships forward in time

Which is not the key benefit of BI?

• BI is cheap to be implemented

• Operate more efficiently

• Increase revenue and profitability

• Spot issues so they can be resolved

We can do data transformation at Power BI

• TRUE

• FALSE

Which is the correct sequence of visualization?

• Data Transformation > Data Modelling > Data Visualization

• Data Visualization > Data Transformation > Data Modelling

• Data Modelling > Data Visualization > Data Transformation

• Data Transformation > Data Visualization > Data Modelling