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HFMA CSBI COMPREHENSIVE EXAM REVIEW Q & A 2024
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HFMA CSBI COMPREHENSIVE EXAM REVIEW Q & A 2024HFMA CSBI COMPREHENSIVE EXAM REVIEW Q & A 2024HFMA CSBI COMPREHENSIVE EXAM REVIEW Q & A 2024
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HFMA CSBIComprehensive
Final Exam Review
Q&A
2024
,1. What is the primary function of a data warehouse in Business
Intelligence (BI)?
A) Data cleansing
B) Data storage and management
C) Data presentation
D) Data mining
Answer: B) Data storage and management
Rationale: A data warehouse serves as a central repository of integrated
data from one or more disparate sources. It stores current and historical
data and is used for creating analytical reports for knowledge workers
throughout the enterprise.
2. Which BI tool is best suited for real-time data analysis?
A) OLAP
B) ETL
C) Data mining
D) CEP
Answer: D) CEP (Complex Event Processing)
Rationale: CEP tools are designed to manage data in real-time, analyzing
and processing information as events occur, which is essential for real-
time data analysis.
3. In the context of BI, what does 'ETL' stand for?
A) Extract, Transform, Load
B) Execute, Translate, Load
C) Extract, Translate, Leverage
D) Execute, Transform, Leverage
Answer: A) Extract, Transform, Load
Rationale: ETL is a process that extracts data from various sources,
transforms the data for storing in the proper format or structure for the
purposes of querying and analysis, and loads it into the final target
database.
4. What is the role of OLAP in Business Intelligence?
A) Data entry
B) Data mining
C) Data analysis
D) Data visualization
, Answer: C) Data analysis
Rationale: Online Analytical Processing (OLAP) is a category of software
that allows users to analyze information from multiple database systems at
the same time. It is a tool for performing multi-dimensional analysis at
high speeds.
5. Which of the following is a key feature of Business Intelligence tools?
A) Predictive modeling
B) Transaction processing
C) Syntax highlighting
D) Version control
Answer: A) Predictive modeling
Rationale: Predictive modeling is a process used in predictive analytics to
create a statistical model of future behavior. BI tools often include
advanced analytics capabilities like predictive modeling.
6. What is the significance of 'data visualization' in BI?
A) It aids in data entry and correction.
B) It enhances the understanding of complex data.
C) It is used for database normalization.
D) It assists in programming language compilation.
Answer: B) It enhances the understanding of complex data.
Rationale: Data visualization is the presentation of data in a pictorial or
graphical format. It enables decision-makers to see analytics presented
visually, so they can grasp difficult concepts or identify new patterns.
7. Which BI functionality would be used to identify sales trends over
time?
A) Data replication
B) Trend analysis
C) Data synchronization
D) Data validation
Answer: B) Trend analysis
Rationale: Trend analysis is a statistical technique used to determine
future movements based on past trends. It is used to identify patterns over
time in sales or other business areas.
8. What is 'data mining' in the context of Business Intelligence?
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