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MSIS 3223 Exam Questions and Answers 100% Accurate $11.49   Add to cart

Exam (elaborations)

MSIS 3223 Exam Questions and Answers 100% Accurate

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MSIS 3223 Exam Questions and Answers 100% AccurateMSIS 3223 Exam Questions and Answers 100% AccurateMSIS 3223 Exam Questions and Answers 100% AccurateMSIS 3223 Exam Questions and Answers 100% AccurateDescriptive Analytics - ANSWER-the use of data to understand past and current business performance ...

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  • October 29, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • MSIS 3223
  • MSIS 3223
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NursingTutor1
MSIS 3223 Exam Questions and
Answers 100% Accurate
Descriptive Analytics - ANSWER-the use of data to understand past and current
business performance and make informed decisions

Descriptive analytics helps detects hidden patterns in large quantities of data to group
data into sets to predict behavior. - ANSWER-False

A manager at Academy wishes to know the company's revenue and profit in its previous
quarter. Predictive analytics is what the manager should use for this task. - ANSWER-
False

Prescriptive analytics can help a company address the best way of shipping goods from
their factories to minimize costs. - ANSWER-True

Analyzing the problem is the first phase in decision making. - ANSWER-False

Product mix is determined by top managers. - ANSWER-True

A deterministic model is one in which all model input information is either known or
assumed to be known with certainty. - ANSWER-True

The demand for professionals with analytics expertise has skyrocketed. - ANSWER-
True

Modern business analytics can be viewed as an integration of Business Intelligence,
Information Systems, statistics, and modeling and optimization. - ANSWER-True

Statistics has a long and rich history, yet only rather recently has it been recognized as
an important element of business, driven to a large extent by the massive growth of
data in today's world. - ANSWER-True

Decision models typically have three types of input: Data, uncontrollable inputs, and
decision options. - ANSWER-True

A database is a collection of related files (tables) containing records on people, places,
or things. - ANSWER-True

Empirical data is data that comes from an organization's daily operations. - ANSWER-
False

A data set is simply a collection of data. - ANSWER-True

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