Business Analytics
Extensive use of data and quantitative analysis to support face-based decision making within organizations.
Business Intelligence
Includes a wide range of applications, practices, and technologies for the extraction, transformation, integration, visualization, analysis i...
Business Analytics - ANSWER- Extensive use of data and quantitative analysis to
support face-based decision making within organizations.
Business Intelligence - ANSWER- Includes a wide range of applications,
practices, and technologies for the extraction, transformation, integration,
visualization, analysis interpretation, and presentation of data to support
improved decision making.
Data Scientist - ANSWER- Individuals who have:
1. strong business background and experience.
2. healthy appreciation of limitations of their data, tools and techniques
3. Deep understanding of analytics.
Online Analytical Processing (OLAP) Analytic Tool - ANSWER- Method to analyze
multidimensional data from many different perspectives. Shows trends in and
opportunities in businesses.
Data Cubes - ANSWER- Container numeric facts called measures, which are
categorized by dimensions such as time and geography.
Data Mining (Analytic Tool) - ANSWER- Used to explore large amounts of data for
hidden patterns to predict future trends and behaviors for use in decision
making.
Association Analysis (Data Mining) - ANSWER- specialized set of algorithms
sorts through data and forms statistical rules about relationships among the
items
Case-Based Reasoning (Data Mining) - ANSWER- Historical if-then-else cases are
used to recognize patterns
,Data Visualization (Analytic Tool) - ANSWER- Presentation of data in pictorial or
graphical format. Brings dull and boring numbers into interesting visuals.
TagCrowd & Word Cloud - ANSWER- Visual deception of words that have been
grouped together because of their frequency of occurrence.
Conversion Funnel - ANSWER- Graphical Representation that summarizes steps
a consumer takes in making a decision to buy a product.
Linear Regression (Analytic Tool) - ANSWER- Mathematical technique for
predicting the value of a dependent variable based on a single independent
variable.
Dashboards (Analytic Tool) - ANSWER- Measures metrics that track progress in
executing chosen strategies to attain organizational objects and goals.
Balanced Scorecard - ANSWER- sets goals, measures, and targets for certain
departments.
Key Performance Indicators (KPIs) - ANSWER- Organization measure
performance of organization. Consists of objective, measure, target, and time
frame.
Spreadsheets (Analytic Tool) - ANSWER- Data based on formulas to create
reports and graphs on data.
What-if Analysis - ANSWER- Analysis to evaluate various alternatives to a
problem.
Computer Mistakes - ANSWER- Errors
Failures
Causes of Computer Mistakes - ANSWER- 1. Unclear expectations
2. Inadequate training
3. Program development errors
4. Incorrect input by clerk
Key factors in procedures - ANSWER- 1. Good training programs.
2. All new applications are approved.
3. Documents of applications be filed to a central office for authorization.
4. System controls for invalid input (input, output, and security controls)
Meaning of Monitoring policies and prodcedures - ANSWER- Implement internal
audits to measure actual results against goals. Audits track time employees
spend on non-work -related web sites.
E-Government act of 2002 - ANSWER- Requires federal agencies to post privacy
policies on their website.
RFID Tags - ANSWER- microchips under people's skin, or on clothing or car keys
for tracking.
Occupational Stress - ANSWER- anxieties about job insecurity, loss of control,
incompetence.
SIT (seated immobility thromboembolism) - ANSWER- formation of blood clots in
the legs or lungs
RSI (repetitive strain injury) - ANSWER- injury or disorder of the muscles, nerves,
tendons, ligaments, or joints caused by repetitive motion.
CTS (carpal tunnel syndrome) - ANSWER- inflammation of the nerve that
connects the forearm to the palm of the wrist.
Code of Ethics - ANSWER- States the principles and core values essential to a set
of people, and therefore, govern their behavior. Can be a reference point for
weighing what is legal and ethical.
Privacy - ANSWER- The right to be left alone or to be withdrawn from public view.
BYOD (bring your own device) - ANSWER- business policy that permits
employees to use their own mobile devices to access company computing
resources and applications.
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 tuition. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.49. You're not tied to anything after your purchase.
