Q. Which theme of customer needs in business analytics involves gaining a deeper understanding of why things are happening?

View solution

Q. What is the primary goal of "Strategic alignment" in business analytics?

View solution

Q. Which layer of analytics focuses on fostering informed or collaborative decision-making across the organization?

View solution

Q. In which sector is "Fraud and risk analytics" primarily applied?

View solution

Q. What is the first step organizations should take when embarking on the applications of business analytics?

View solution

Q. What is the primary focus of descriptive analytics?

View solution

Q. Which of the following is NOT a task associated with descriptive analytics?

View solution

Q. What does descriptive analytics help organizations understand?

View solution

Q. What is the primary focus of prescriptive analytics?

View solution

Q. Which type of analytics is typically applied to structured data but has attempts to extend to unstructured data?

View solution

Q. What is the primary purpose of ad hoc reporting in descriptive analytics?

View solution

Q. What do organizations with effective descriptive analytics typically have?

View solution

Q. What is the primary focus of predictive analytics?

View solution

Q. What is the primary goal of root cause analysis in predictive analytics?

View solution

Q. What does Monte-Carlo simulation in predictive analytics aim to determine?

View solution

Q. When does predictive analytics make predictions?

View solution

Q. What is the significance of deploying predictive models in real-time operations?

View solution

Q. At what stage does predictive analytics come into play in relation to descriptive analytics?

View solution

Q. What kind of data is used to detect hidden patterns and predict behavior in predictive analytics?

View solution

Q. Which techniques are commonly used in prescriptive analytics?

View solution