Data analytics diagnostic - Study guides, Class notes & Summaries

____________ ____________ answers the question: "Why did it happen? Diagnostic analytics ____________ ____________ answers the question: "What happened? Descriptive analytics ____________ ____________ answers the question: "What is likely to happen?" Predictive analytics ____________ ____________ answers the question: "What should be done?" Prescriptive analytics (a) A university publishes its graduation rate on its website. The graduation rate is 5% lower ...

1. Define analytics ANS Turning information into knowledge and developing fact based strategies to gain a competitive edge. 2. Descriptive/Diagnostic analytics ANS Encompasses the set of techniques that de- scribes what has happened in the past. 3. Predictive analytics ANS Consists of techniques that use models constructed from past data to predict the future or ascertain the impact of one variable on another. 4. Prescriptive analytics ANS Decision models that indicate the best course of ...

WPC FW 300 Comprehensive Exam 3 || Questions & Answers (Rated A+) WPC FW 300 Comprehensive Exam 3 || Questions & Answers (Rated A+) 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. a. Explanatory analytics b. Prescriptive analytics c. Forecast analytics d. Descriptive analytics - ANSWER - Prescriptive Analytics Which of the following is an ex...

WPC 300 Final Written Exam 2024/2025 (questions and answers) In an agile approach of analytics, what is the first step of the process? Perform data discovery Perform business discovery Score and deploy Model data - CORRECT ANSWER-Perform business discovery In an ETL process, data is loaded into a final target database such as: Operational dashboard Public database Social media database Data warehouse - CORRECT ANSWER-Data warehouse What are the four types of data analytical metho...

WGU C207 Data Driven Decision Making Quizzes Exam Questions And Answers (Quiz 1) 1. For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... A) Statistics B) Analytics C) Management Science D) Histograms B (Quiz 1) 2. A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? A) Descript...

WGU C207 Data-Driven Decision Making – Questions And Correct Answers Define analytics Turning information into knowledge and developing fact based strategies to gain a competitive edge. Descriptive/Diagnostic analytics Encompasses the set of techniques that describes what has happened in the past. Predictive analytics Consists of techniques that use models constructed from past data to predict the future or ascertain the impact of one variable on another. Prescriptive analytics ...

For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... a. Statistics b. Analytics c. Management Science d. Histograms - ANSWER b A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? a. Descriptive Analytics b. Predictive Analytics c. Prescriptive Analytics d. Diagnostic Analytic...

For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... a. Statistics b. Analytics c. Management Science d. Histograms - b A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? a. Descriptive Analytics b. Predictive Analytics c. Prescriptive Analytics d. Diagnostic Analytics - c ...

1. For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... A) Statistics B) Analytics C) Management Science D) Histograms ANS : B 2. (Quiz 1) 2. A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? A) Descriptive Analytics B) Predictive Analytics C) Prescriptive Analytics D) Diagnostic ...

Introduction to Analytics - D491 questions and answers latest top score. What is Data analytics? -The process of encrypting data to keep it secure -The process of storing data in a secure location for future use -The process of analyzing data to extract insights -The process of collecting data from various sources - correct answers.The process of analyzing data to extract insights. (Data analytics involves analyzing data to extract insights and inform decision-making. Th...