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

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

View solution

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

View solution

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

View solution

Q. What role does Big Data play in making the Big Data trend productive?

View solution

Q. What is the value of Big Data in analytics?

View solution

Q. What is the primary requirement for some business applications that need to process huge amounts of data on a real-time streaming basis?

View solution