Test Bank Exam for Business Analytic Bundle (Graded A )

) In the Cabela's case study, the SAS/Teradata solution enabled the direct marketer to better identify likely customers and market to them based mostly on external data sources. - Answer-FALSE 2) The cost of data storage has plummeted recently, making data mining feasible for more firms. - Answe...

data warehouses - Answer-where data is stored electronically, in vast digital repositories big data - Answer-data sets so large that traditional methods of storage and analysis are inadequate transactional data - Answer-data collected for recording the companies' transactions data mining o...

What is big data? - Answer-Big data will show you trends and patterns, small data will not What drives big data? - Answer-As the world becomes more digital, we become more connected. Electronic devices are becoming more economical - meaning more people are gaining access to the digital space. Tra...

Chapter 1 - Answer-Data & Statistics Statistics - Answer-The art and science of collecting, analyzing, presenting, and interpreting data. statistics refers to - Answer-numerical facts such as averages, medians, percentages, and maximums that help us understand a variety of business and economi...

What is business analytics? - Answer-refers to the skills, technologies, and practices for continuous investigation of past business performance Independent variable - Answer-Variable whose value impacts dependent variables Dependent variable - Answer-variables representing market objectives, ...

Strategic decision - Answer-A decision that involves higher-level issues and that is concerned with the overall direction of the organization, defining the overall goals and aspirations for the organization's future. Tactical decision - Answer-concern how the organization should achieve the goal...

business analytics - Answer-the skills, technologies, practices for continuous iterative exploration and investigation of past business performance to gain insight and drive business planning business analytics focuses on - Answer-developing new insights and understanding of business performance ...

Business Week - Answer-Provides stats about the economy including production indices, stock prices, mutual funds and interest rates. Statistics - Answer-Numeral Facts (Average, Medians, Percents, and Index Numbers) Data - Answer-Facts and figures collected, analyzed and summarized for presenta...

In the Isle of Capri case, the only capability added by the new software was increased processing speed of processing reports. (T/F) - Answer-F Data warehouse administrators (DWAs) do not need strong business insight since they only handle the technical aspect of the infrastructure. (T/F) - Answe...

Business Analytics - Answer-the use of data, information technology, statistical analysis, quantitative methods, and mathematical or computer-based models to help managers gain improved insight about their business operations and make better, fact- based decisions. Some common types of decisions ...

statistics - Answer-both the science of uncertainty and the technology of extracting information from data statistics - Answer-involves collecting, organizing, analyzing, interpreting, and presenting data a statistic - Answer-a summary measure of data is? descriptive statistics - Answer-ref...

Data Set - Answer-A simple collection of data or a data file Database - Answer-A collection of data files that contain information on people, locations, and so on Computer Clouds - Answer-Hardware and software used for data remote storage, retrieval, and computational functions Data Warehou...

Your job as a CEO or owner... - Answer-make company better and build shareholder value BA used to... - Answer-gain actionable insights to make better decisions and automate/optimize business processes Successful BA depends on: (3) - Answer-- data quality - skilled analyst who understand tech...

Business analytics is the use of... - Answer-data, information technology, statistical analysis, quantitative methods, and mathematical or computer-based models to help managers gain improved insight about their business operations and make better, fact-based decisions. data mining - Answer-foc...