MIS 3300 Midterm Exam Questions with Correct
Answers
Data analytics Correct Answer-The systematic computational analysis of
data or statistics
Data mining Correct Answer-The practice of searching large stores of
data to discover patterns and trends that go beyond simple analysis
Big data Correct Answer-Lots of data
Business intelligence Correct Answer-A process for analyzing data and
presenting actionable information to help end users to make informed
business decisions
Descriptive data analytics Correct Answer-A preliminary stage of data
processing that creates a summary of historical data to yield useful
information and possibly prepare the data for further analysis; asks the
question, "What happened?"
Diagnostic data analytics Correct Answer-A type of data analytics that is
designed to answer the question, "Why did it happen?"
Predictive data analytics Correct Answer-A type of data analytics
designed to predict future trends; asks "What will happen?"
, Prescriptive data analytics Correct Answer-A type of data analytics that
determines the best course of action; asks, "What should be done?"
The sequence of steps in the CRISP-DM process Correct Answer-
Business understanding, data understanding, data preparation, modeling,
evaluation, deployment
Business understanding Correct Answer-Getting to know the business
and the reasons for data mining efforts
Data understanding Correct Answer-Data collection and data
familiarization
Data preparation Correct Answer-Data are selected, cleaned,
constructed, integrated, and formatted
Modeling Correct Answer-A computerized representation of the data is
created
Evaluation Correct Answer-The data results are assessed and the model
is reviewed to ensure that it satisfies the criteria
Deployment Correct Answer-The data results are applied to the real
world and the business makes its next move as a result
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller cracker. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.99. You're not tied to anything after your purchase.