100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
WGU C207 OA Questions and Answers 100% Pass £8.18
Add to cart
Quickly navigate to
Preview
  2.  
  3. WGU C207
  4.  
  5. WGU C207

Exam (elaborations)

WGU C207 OA Questions and Answers 100% Pass

1 review
 2 purchases
  • Module
  • WGU C207
  • Institution
  • WGU C207

WGU C207 OA Questions and Answers 100% Pass Simple indexing Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80...

[Show more]

Preview 4 out of 107  pages

Document information

  • February 16, 2023
  • 107
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers

Subjects

  • wgu c207 oa questions and answers 100 pass
  • simple indexing common analytic measure to improve performance compares current data with data during a base period

Written for

  • WGU C207
  • WGU C207

1  review

review-writer-avatar

By: rsusanita2956 • 11 months ago

Seller

avatar-seller
BrilliantScores

Reviews received

Content preview

WGU C207 OA Questions and Answers
100% Pass
Simple indexing ✔✔Common analytic measure to improve performance. Compares current data

with data during a base period.




(Price / Price during "Base Period") x 100




i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80

then?




(4..60) * 100 = 300 (means price is 3x greater than base period)




Used to identify price fluctuations of supplies, materials, products, etc.




Weighted Index ✔✔assign a weight to allow for significant differences in the index.




Reasons for including analytics in decision-making ✔✔decrease cost of data storage

,increase processing power




Descriptive Analytics ✔✔using current and past data for strictly descriptive purposes.




i.e. car price data shows a 2% increase over the prior year




a manager wants to know why sales spiked during the prior quarter




Predictive / Inferential Analytics ✔✔using current and past data to predict/estimate future.




i.e. based on the past 10 years of data for car prices, we predict an increase of 1.5% over the

upcoming year.




Prescriptive Analytics ✔✔using past data to PREDICT or ESTIMATE future in order to

optimize operations




includes experimental design and optimization to aid in DECISION-MAKING. MANAGERIAL

DECISIONS.

,i.e. based on past data, sales prices for electric cars could increase by 5% if we increased

charging stations by 7%




Big data ✔✔Data so big that it's difficult to process using traditional methods.




Stored in a Data Warehouse.




Mined to identify patterns and trends




Primary purpose is to encourage buying behavior.




Enables products to be more tailored to customer base.




Improves decision-making.




Supports development of next generation products/services.




watch for keywords in test options. i.e. company TOTAL sales (just one number) vs all sales

invoices

, Structured / Quantitative Data ✔✔Data follows pre-defined formats.




i.e. multiple choice answers, addresses, names, stock tickers




Unstructured / Qualitative Data ✔✔Data doesn't follow pre-defined formats. Usually gets

structured by a "theme analysis"




i.e. blocks of freeform text, audio, video




Continuous Data ✔✔Data that can take any value (within a set range)




i.e. 3.14159, -189,115.2

a thermometer reads 66.5 degrees




Interval Data (data measuring levels) ✔✔data is ordered at equal intervals apart and "0" doesn't

mean absence of data, just another data point

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

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 BrilliantScores. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £8.18. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

68175 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 15 years now

Start selling
£8.18  2x  sold
  • (1)
Add to cart
Added