Descriptive analytics Study guides, Revision notes & Summaries

Solutions Manual – Chapter 1 Solutions to Multiple Choice Questions 1. (LO 1-1) Big Data is often described by the four Vs, or a. volume, velocity, veracity, and variability. b. volume, velocity, veracity, and variety. c. volume, volatility, veracity, and variability. d. variability, velocity, veracity, and variety. Answer: b 2. LO 1-4) Which data approach attempts to assign each unit in a population into a small set of classes (or groups) where the unit best fits? a. Regression b. ...

BSAN 160 - Chapter 2: Descriptive Analytics + Data Visualization Questions with Correct Answers

SHRM Talent Acquisition Exam 98 Questions with Verified Answers Applicants Per Opening - CORRECT ANSWER Gauges the job's popularity. A large number of applicants could indicate high demand for jobs in that particular area, or a job description that's too broad. # of Submitted Applicants / Per Opening - CORRECT ANSWER Applicants Per Opening Formula Application Completion Rate - CORRECT ANSWER Tracking this rate helps hiring managers optimize their recruitment process. Finding the right...

WGU C207 Final Self-Assessment Questions and Answers Latest Update 2023/2024. Question 1 Amanda is measuring the temperature. She looks at the thermometer and sees that it is somewhere between 65 and 66 degrees Fahrenheit. She is okay with the temperature in between two integers because she knows temperature is not data, but temperature is data. • a) Nominal, Ordinal • b) Nominal, Discrete • c) Continuous, Discrete • d) Discrete, Continuous Feedback: The correct answer is D. Te...

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? (4.80 / 1.60) * 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...

Business Intelligence, Analytics, Data Science, and AI, 5th Edition by Ramesh Sharda, Dursun Delen, Efraim Turban Chapter 3 Descriptive Analytics I: Nature of Data, Big Data, and Statistical Modeling 1) To respond to the market challenges, SiriusXM decided to focus on production efficiency. Answer: FALSE Diff: 1 Page Ref: 147 2) Data is the contextualization of information, also called "information set in context." Answer: FALSE Diff: 1 Page Ref: 151 3) Data is the main...

in what forms can data be? - correct answers structured or unstructured what is structured data? - correct answers organized as data arrays (spreadsheets) with variables, observations, and values what are variables? - correct answers characteristics of members of a population (age, gender, etc) what are observations? - correct answers list of all variables for a single member of a population what are values? - correct answers measurements of each observation for each variable what...

Business Intelligence, Analytics, Data Science, and AI, 5th Edition by Ramesh Sharda, Dursun Delen, Efraim Turban Chapter 4 Descriptive Analytics II: Business Intelligence Data Warehousing, and Visualization 1) Business intelligence systems rely on a data warehouse as the information source for creating insight and supporting managerial decisions. Answer: TRUE Diff: 1 Page Ref: 219 2) The "islands of data" problem in the 1980s describes the phenomenon of fully integrated data be...

Simple indexing CORRECT ANSWER 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? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. Weighted Index CORRECT ANSWER assign a weight to allow for s...

QM 520 - Case Study 1: Ska Brewing Company is a producer of fine craft beer. Complete Solution PROBLEM 1 Situation: Ska Brewing Company is a producer of fine craft beers located in Durango, Colorado. With its flagships Ale and Lager, they have enjoyed double-digit growth for more than a decade with no signs of allowing down. Ska was founded in 1995, and through hard work and laser-like focus on brewing great beer continued to grow. In 2012, Ska brewed more than 25,000 barrels of beer (1 ba...