Business Intelligence, Analytics, And Data
Science: A Managerial Perspective Questions
And Answers Latest Update
Analytics ANS✔✔ The science of analysis
Analytics Ecosystem ANS✔✔ a classification of sectors, technology/solution
providers, and industry participants for analytics
A priori algorithm ANS✔✔ The most commonly used algorithm to discover
association rules by recursively identifying frequent itemsets.
Area under the ROC curve ANS✔✔ a graphical assessment technique for
binary classification models where the true positive rate is plotted on the y-
axis and false positive rate is plotted on the x-axis
Authoritative pages ANS✔✔ Web pages that are identified as particularly
popular based on links by other Web pages and directories
balanced scorecard ANS✔✔ A performance measurement and management
methodology that helps translate an organization's financial, customer,
internal process, and learning and growth objectives and targets into a set
of actionable initiatives
Big data ANS✔✔ data that is characterized by its volume, variety, and
velocity that exceeds the reach of commonly used hardware environments
and/or capabilities of software tools to process.
, Solution 2024/2025
Pepper
Big data analytics ANS✔✔ application of analytics methods and tools to Big
Data
Bootstrapping ANS✔✔ A sampling technique where a fixed number of
instances from the original data are sampled (with replacement) for training
and the rest of the data set is used for testing
Business Analytics (BA) ANS✔✔ the application of analysis to business
problems/data.
Business intelligence (BI) ANS✔✔ a conceptual framework for managerial
decision support; it combines architecture, databases (or data warehouses),
analytical tools, and applications
business performance management (BPM) ANS✔✔ an advanced
performance measurement and analysis approach that embraces planning
and strategy
Categorical data ANS✔✔ data that represents the labels of multiple classes
used to divide a variable into specific groups
Centrality ANS✔✔ A group of metrics that aims to quantify the importance
or influence (in a variety of senses) of a particular node (or group) within a
network.
Certainty ANS✔✔ the business situation where complete knowledge is
available so that the decision maker knows exactly what the outcome of
each course of action will be.
, Solution 2024/2025
Pepper
Classification ANS✔✔ supervised induction used to analyze the historical
data stored in database and to automatically generate a model that can
predict future behavior.
Clickstream analysis ANS✔✔ the analysis of data that occur in the web
environment
Cloud computing ANS✔✔ information technology infrastructure (hardware,
software, application, and platform) that is available as a service, usually as
virtualized resources.
Clustering ANS✔✔ partitioning a given data set into segments (natural
groupings) in which the members of a segment share similar qualities
Confidence ANS✔✔ in association rules, the conditional probability of fining
the RHS of the rule present in a list of transactions where the LHS of the rule
exists.
Corpus ANS✔✔ in linguistics, a large and structured set of texts prepared for
the purpose of conducting knowledge discovery.
CRISP-DM ANS✔✔ A cross-industry standardized process of conducting data
mining projects, which is a sequence of six steps that starts with a good
understanding of the business and the need for the data mining project (i.e.,
the application domain) and ends with the deployment of the solution that
satisfied the specific business need.
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