📓PR1 | FINALS || QUANTITATIVE ANALYSIS TYPES

IDENTIFY WHICH ANALYSIS IS BEST FOR THE GIVEN SCENARIO:

Identifying customers who are likely to cancel their subscriptions based on their usage patterns and interactions.

• REGRESSION

• COHORT

• PREDICTIVE

• PRESCRIPTIVE

• CONJOINT

IDENTIFY WHICH ANALYSIS IS BEST FOR THE GIVEN SCENARIO:

Identifying whether increase in caffeine intake will directly or inversely affect student energy levels throughout the day.

• REGRESSION

• COHORT

• PREDICTIVE

• PRESCRIPTIVE

• CONJOINT

IDENTIFY WHICH ANALYSIS IS BEST FOR THE GIVEN SCENARIO:

Determining the relationship between Classical and Medieval Music and how listening to them increases productivity

• REGRESSION

• COHORT

• PREDICTIVE

• PRESCRIPTIVE

• CONJOINT

IDENTIFY WHICH ANALYSIS IS BEST FOR THE GIVEN SCENARIO:

Predicting household energy consumption based on factors like weather, appliance usage, and house size.

• REGRESSION

• COHORT

• PREDICTIVE

• PRESCRIPTIVE

• CONJOINT

Answer explanation

IDENTIFIES RELATIONSHIP BETWEEN 2 OR MORE VARIABLES OF INTEREST.

If house size is small, will energy consumptions decrease? If weather is sunny, will energy consumptions lessen?

IDENTIFY WHICH ANALYSIS IS BEST FOR THE GIVEN SCENARIO:

Determining which features of a new product are most important to consumers and how much they are willing to pay for them.

• REGRESSION

• COHORT

• PREDICTIVE

• PRESCRIPTIVE

• CONJOINT

IDENTIFY WHICH ANALYSIS IS BEST FOR THE GIVEN SCENARIO:

Analyzing groups of customers who signed up in the same month to see how their engagement changes over time.

• COHORT

• PREDICTIVE

• PRESCRIPTIVE

• CONJOINT

• CLUSTER

IDENTIFY WHICH ANALYSIS IS BEST FOR THE GIVEN SCENARIO:

Using historical financial data to predict the likelihood of a customer defaulting on a loan.

• COHORT

• PREDICTIVE

• PRESCRIPTIVE

• CONJOINT

• CLUSTER

IDENTIFY WHICH ANALYSIS IS BEST FOR THE GIVEN SCENARIO:

Designing service packages that align with current trends.

• COHORT

• PREDICTIVE

• PRESCRIPTIVE

• CONJOINT

• CLUSTER

IDENTIFY WHICH ANALYSIS IS BEST FOR THE GIVEN SCENARIO:

Grouping customers based on purchasing behavior to tailor marketing strategies.

• COHORT

• PREDICTIVE

• PRESCRIPTIVE

• CONJOINT

• CLUSTER

IDENTIFY WHICH ANALYSIS IS BEST FOR THE GIVEN SCENARIO:

Understanding customer preferences for different pricing options and bundles to increase sales.

• COHORT

• PREDICTIVE

• PRESCRIPTIVE

• CONJOINT

• CLUSTER