Wpc 300 exam 1 - Study guides, Class notes & Summaries

wpc 300 final Study Guide Exam latest 2024/2025 Principles of Problem Framing - CORRECT ANSWER-Tell, find and routinize Tell an interesting and complete story - CORRECT ANSWER-The problem you address should be meaningful Solution could be reused for related problems Assumptions, boundaries Find an appropriate solution framework - CORRECT ANSWER-Break down the problem into pieces Iterative process (agile vs waterfall) Identify appropriate analytical/modeling techniques Routinize the...

WPC 300 Final Exam Questions and Answers 100% Pass In an agile approach of analytics what is the first step of the process? perform business discovery In an ETL process, data is loaded into a final target database such as: data warehouse Which of the following data analysis models use optimization techniques? prescriptive analytics Predictive analytics may be applied to __________, which is a set of techniques that use descriptive data and forecasts to identify the decisions mo...

WPC 300 Final Exam (practice questions and answers) A-Graded 2024/2025 analytics - CORRECT ANSWER-the process of developing actionable decisions or recommendations for actions based upon insights generated from historical data primary data - CORRECT ANSWER-data collected specifically for the research problem at hand (ex: survey, interviews) secondary data - CORRECT ANSWER-data collected for some purpose other than the problem at hand (ex: firm's proprietary data, internet data, stock...

WPC 300 Final Exam review 2024/2025 Actual questions and correct answers Data Variable Categories - CORRECT ANSWER-Qualitative and Quantitative Qualitative - CORRECT ANSWER-Is descriptive and conceptual and cannot be measured Quantitative - CORRECT ANSWER-Can be counted, measured, and expressed using numbers Quantitative Data Variables - CORRECT ANSWER-Numerical-interval, ratio Categorical-Nominal, ordinal (Quantitative Categorical) Nominal - CORRECT ANSWER-The numerical values just ...

wpc 300 final Study Guide Exam latest 2024/2025 Principles of Problem Framing - CORRECT ANSWER-Tell, find and routinize Tell an interesting and complete story - CORRECT ANSWER-The problem you address should be meaningful Solution could be reused for related problems Assumptions, boundaries Find an appropriate solution framework - CORRECT ANSWER-Break down the problem into pieces Iterative process (agile vs waterfall) Identify appropriate analytical/modeling techniques Routinize the...

WPC 300 Quiz 1 Exam questions with Verified Solutions

WPC 300 ACTUAL EXAM QUESTIONS WITH REVISED ANSWERS ALL CORRECT What would be the null hypothesis for testing a linear regression model with profit as the dependent variable and sales as the independent variable? - Answer- There is no linear relationship between profit and sales Which of the following assumptions is not true for multiple linear regression? - Answer- There will be a multi-collinearity effect A market analyst is developing a regression model to predict monthly household e...

UTK: BUAD 331 Exam 1 Complete (answers updated fall 2022/23.) ____________ the chain facilitates better strategic alignment between supply chain operations. A. Breaking B. Sharing C. Bending D. Spreading A firm is a recognized cost leader but has a strategic goal to become a cost and service leader. What is one initiative that could be planned and implemented to achieve this goal? A.Increase sales calls to all existing customers. B.Increase capacity utilization to gain economies of ...

WPC 300 Final Exam 2024/2025 latest questions and answers perform business discovery - CORRECT ANSWER-In an agile approach of analytics what is the first step of the process? data warehouse - CORRECT ANSWER-In an ETL process, data is loaded into a final target database such as: prescriptive analytics - CORRECT ANSWER-Which of the following data analysis models use optimization techniques? Prescriptive Analytics - CORRECT ANSWER-Predictive analytics may be applied to __________, whi...