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Business Understanding/ Discovery phase - ANSWER-An analyst defines the major questions of interest that need to be answered, determines the needs of the stakeholders, and assesses the resource constraints of the project. Define project outcomes. Data Acquisition - ANSWER-Collecting data phase. D...

What questions will data analytics consider improving 10% market share value to open new store in a different location? a. Get list of geographic areas b. Reduce staff pay by 10% c. Check compatible market value d. None of the above - ANSWER-C Check compatible market value A data set has K va...

Business Understanding Phase - ANSWER-aka - planning, discovery Scope project Identify stakeholders and research questions/KPIs Identify timeline, budget, and participants Data Acquisition Phase - ANSWER-aka - Extraction, Data gathering, Data query, Data collection, ETL (extract, transfo...

What are the 7 steps of the data analytics journey? - ANSWER-Business Understanding (Discovery Phase) Data Acquisition (Data Collecting) Data Cleaning Data Exploration Predictive Modelling Data Mining Reporting & Visualization Define: discovery phase - ANSWER-Analyst defines the major quest...

Which of these is NOT a topic of interest for Discovery/Planning/Business Understanding? A. Project Scope B. Identify stakeholders and research questions/KPIs C. Build a data pipeline (ETL) D. Identify timeline, budget, and participants - ANSWER-C What is a potential problem to consider in th...

List the Data Analytics Life Cycle phases. - ANSWER-1. Business understanding 2. Data acquisition 3. Data cleaning 4. Data exploration 5. Predictive modeling 6. Data mining 7. Reporting and visualization Describe the business understanding phase of the data analytics life cycle. - ANSWER-Th...

Lack of Organization and Lack of Sponsor Support - ANSWER-What are some of the main reasons that projects fail? Hacking Skills, Math and Statistics, and Domain Expertise - ANSWER-What is the Venn Diagram for Data Science? Discovery - ANSWER-Define Goals, Ask Questions, Develop a Problem Statem...

Analyses for Data Science: Descriptive: - ANSWER-Humans are good at finding patterns, but limited bandwidth - so we need to narrow the data. Look at the data. 1) Visualize the data - graphs, histograms, bell curve 2) Compute Univariate Descriptive Statistics: mean (average), mode (most common), me...

Identifying business needs - ANSWER-Which activity does an analyst perform in the discovery phase of the data analytics life cycle? a. Collecting Data b. Cleaning Data c. Identifying outliers d. Identifying business needs Data Exploration - ANSWER-In which phase of the data analytics life c...

Many versions but one proposed in this class: 1) Business Understanding 2) Data Acquisition 3) Data Cleaning 4) Data Exploration 5) Predictive Modeling 6) Data Mining/Machine Learning 7) Reporting and Visualization and loop back at this point - ANSWER-What are the phases of the data analytic...