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BIDA 630 Data Analytics Final Exam Study Guide with Complete Solutions

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  • BIDA 630
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  • BIDA 630

BIDA 630 Data Analytics Final Exam Study Guide with Complete Solutions Identify whether the task required is supervised or unsupervised learning: Predicting whether a company will go bankrupt based on comparing its financial data to those of similar bankrupt and nonbankrupt firms. - Answer-Supe...

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  • October 3, 2024
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  • Exam (elaborations)
  • Questions & answers
  • BIDA 630
  • BIDA 630
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EmillyCharlotte
EMILLYCHARLOTTE 2024/2025 ACADEMIC YEAR ©2024 ALL RIGHTS RESERVED,
FIRST PUBLISH SEPTEMBER 2024

BIDA 630 Data Analytics Final Exam
Study Guide with Complete Solutions

Identify whether the task required is supervised or unsupervised learning: Predicting

whether a company will go bankrupt based on comparing its financial data to those of

similar bankrupt and nonbankrupt firms. - Answer✔✔-Supervised learning, all

information evaluated is known

Identify whether the task required is supervised or unsupervised learning: Printing of

custom discount coupons at the conclusion of a grocery store checkout based on what

you just bought and what others have bought previously. - Answer✔✔-Unsupervised

learning; outcomes are unknown

True or false: The test data are used to build models, or to further tweak the model or

improve its fit. - Answer✔✔-False

_____________ is used for assessing the performance of the final chosen model on

new data - Answer✔✔-The test data partition

When a model is fit to training data, zero error with those data is not necessarily good.

This special case is called ______. - Answer✔✔-Overfitting

True or false: Bar charts are useful for comparing a single statistic (e.g. average, count,

percentage) across groups. The height of the bar represents the value of statistic, and

different bars correspond to different groups. - Answer✔✔-True




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, EMILLYCHARLOTTE 2024/2025 ACADEMIC YEAR ©2024 ALL RIGHTS RESERVED,
FIRST PUBLISH SEPTEMBER 2024
Which of the following are the most popular visualization tools in JMP_Pro? -

Answer✔✔-Graph Builder, Fit Y by X, Distribution

Scatter plots play important role in prediction. Next step can be developing a model.

Scatter plots provide information about relationships (linear or non-linear) between

variables. The variables in scatter plot ________. - Answer✔✔-Numerical

In a box plot, the box include %50 of the data, the horizontal line represents

(i)____________, the top and bottom of the box represent (ii)________, respectively. -

Answer✔✔-(i) the Median (50th percentile); (ii) the 75th and 25th percentiles

In JMP a diamond is displayed in the box, where the center of the diamond is

_________. - Answer✔✔-The mean

The density ellipsoid in scatterplot matrix is a good graphical indicator of the correlation

between two variables. The ellipsoid collapses diagonally as the correlation between the

two variables approaches either 1 or -1.

The ellipsoid is more circular if the two variables are more correlated. (TRUE or

FALSE?) - Answer✔✔-False; The ellipsoid is more circular (less diagonally oriented)

if the two variables are less correlated

True or False: Sensitivity and Specificity are plotted on an ROC Curve. - Answer✔✔-

True

To obtain an honest estimate of future classification error, we use the classification

matrix that is computed from ________. - Answer✔✔-Validation data

True or False: The classification matrix, also called confusion matrix, gives estimates of

the true classification and misclassification rates. - Answer✔✔-True

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