BCOR 2205 TEST WITH COMPLETE SOLUTIONS
Transforming data that helps make insight into better decisions - Answer-Business Analytics
Using data to predict future trends and identify patterns - Answer-Predictive Analytics
Data that describes the past - Answer-Descriptive Analytics
Creatin...
Transforming data that helps make insight into better decisions - Answer-Business
Analytics
Using data to predict future trends and identify patterns - Answer-Predictive Analytics
Data that describes the past - Answer-Descriptive Analytics
Creating models with data that best indicate the next course of action - Answer-
Prescriptive Analytics
Separates heterogenous populations into more homogenous sub groups - Answer-
Clustering
Assigning records to a pre-defined set of classes - Answer-Classifcation
Determines which things go together - Answer-Affinity Grouping
Determines values for unknown or future values - Answer-Estimation
A statement about what will happen in the future - Answer-Prediction
A process that makes things more efficient - Answer-Optimization
Predictions based on time-series information - Answer-Forecasting
Estimating relationships among variables - Answer-Regression
Exchange of digital messages over the internet - Answer-Email
Enables instant or real time communication - Answer-Instant Messaging
Converts audio to a digital music player - Answer-Podcasting
Allows groups to interact over 2 way video and audio as well as share documents and
data - Answer-Videoconferencing
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