Analytics Quiz

Which of the following best defines descriptive analytics?

• A method that predicts future trends.

• A technique used to describe what has happened in the past.

• A way to recommend solutions for future decisions.

• A process for analysing why a problem occurred.

Which type of analytics tries to understand why something happened?

• Descriptive analytics.

• Predictive analytics.

• Diagnostic analytics.

• Prescriptive analytics.

Predictive analytics is used for:

• Analysing past trends.

• Predicting future outcomes based on historical data.

• Identifying why a system error occurred.

• Prescribing a specific course of action.

Prescriptive analytics is useful for:

• Forecasting trends based on past data.

• Determining the best course of action for a problem.

• Describing past data and trends.

• Analysing customer complaints.

A company wants to find the best delivery route to minimise time and cost. Which type of analytics should they use?

• Descriptive analytics.

• Predictive analytics.

• Prescriptive analytics.

• Diagnostic analytics.

Which of the following is an example of predictive analytics?

• Analysing sales from last year to understand peak seasons.

• Recommending products to customers based on their shopping history.

• Diagnosing why a machine broke down.

• Providing customers with troubleshooting steps for technical issues.

Big Data refers to:

• Small datasets that can be easily processed with traditional tools.

• Extremely large datasets that are complex and difficult to manage.

• A type of analytics used for marketing purposes.

• Data that is only used by large corporations.

Which of the following is a characteristic of Big Data?

• Volume, Variety, Velocity, and Veracity.

• Small, structured, and simple datasets.

• Limited to financial data.

• Only used by data scientists.

Why is Big Data important for businesses?

• It helps businesses understand past events only.

• It allows businesses to make data-driven decisions and predict future trends.

• It is only used for marketing and sales strategies.

• It only focuses on customer feedback.

Which of the following is NOT a characteristic of Big Data?

• Velocity.

• Volume.

• Veracity.

• Visibility.