WPC 300 QUIZZES TOGETHER (100% CORRECT ANSWERS)

Gamblers' fallacy is ______________ Framing effect bias A Zero risk bias A clustering illusion An endowment effect bias correct answers A clustering illusion When you keep eating the food you don't like precisely because you already bought the food, you are committing _______________ Endowment effect bias Sunk-cost fallacy Zero risk bias Availability heuristics bias correct answers Sunk-cost fallacy ________ refers to a bias that causes an individual to value an owned object higher than its market value. Bandwagon effect Clustering illusion Endowment effect Anchoring bias correct answers Endowment effect In an ETL process, data is loaded into a final target database such as: Operational dashboard Public database Social media database Data warehouse correct answers Data warehouse Which of the following is an example of primary data? Firm's proprietary data Data collected through censuses Interviews data Internet searchers correct answers Interviews data Predictive analytics may be applied to_______________, which is a set of techniques that use descriptive data and forecasts to identify the decisions most likely to result in the best performance. Prescriptive analytics Forecast analytics Explanatory analytics Descriptive analytics correct answers Prescriptive analytics In an agile approach of analytics, what is the last step of the process? Model data