Business Analytics

Business analytics is the process of using quantitative methods to derive meaning from data to make informed _______ decisions

• Business

• Operational

• Tactical

• Strategic

Business analytics refers to the _______ methods and computing technologies for processing, mining and visualizing data to uncover patterns, relationships and insights that enable better business decision-making

• analytical

• statistical

• best

• calculative

Data Visualization is the ____________ representation of data and information using visual elements like charts, graphs, maps, and dashboards.

• visual

• graphical

Measures of Frequency – Describe how _____________ a particular value appears in the dataset.

• better

• often

Probability is the measure of how likely an _____ is to occur

• calculation

• event

• unity

Data Mining is the process of discovering _______, trends, and knowledge from large sets of data

• patterns

• answers

• code

• solution

Prescriptive analytics uses data to recommend ________ that can lead to the best possible outcomes

• tools

• actions

• solution

A probability distribution is a mathematical function that describes the likelihood of different possible ________ in an experiment

• questions

• tool

• action

• outcomes

__________ is used to find the best outcome in a mathematical model with linear relationships

• Integer programming

• Linear programming

• Linear constraints

• Linear relations

Two main types of Probability distribution are ________ (e.g., Binomial, Poisson) and ___________ (e.g., Normal distribution)

• Discrete, Normal

• Discrete, Cluster

• Discrete, Nominal

• Discrete, Continuous