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

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

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Q. What is the primary focus of descriptive analytics?

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

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Q. What does descriptive analytics help organizations understand?

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Q. What is the primary focus of prescriptive analytics?

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

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

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

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Q. What is the primary focus of predictive analytics?

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

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

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Q. When does predictive analytics make predictions?

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

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

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

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Q. Which techniques are commonly used in prescriptive analytics?

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Q. What is the concept of optimization divided into in prescriptive analytics?

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Q. What does stochastic optimization in prescriptive analytics aim to address?

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Q. How are product recommendation engines like Amazon and Netflix typically managed?

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