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 - An...
WPC Exam 1 Practice Exam Questions
and Answers
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 example of secondary data?
a. Simulated data
b. Survey data
c. Firm's proprietary data
d. Interviews data - Answer-firm's proprietary data
Which of the following data analytics model use optimization techniques?
a. Descriptive analytics
b. Predictive analytics
c. Prescriptive analytics
d. Diagnostic analytics - Answer-prescriptive analytics
When you keep eating the food you don't like precisely because you already bought the
food, you are committing _____________.
a. endowment effect bias
b. sunk-cost fallacy
c. availability heuristics bias
d. zero risk bias - Answer-sunk-cost fallacy
Which of the following statements is true?
a. Analytical thinking is not based on facts
b. Using intuition is a way of analytical thinking
c. Experimentation is a way of analytical thinking
d. Heuristic thinking is slow - Answer-Experimentation is a way of analytical thinking
Over-reliant on the first piece of information is called ____________
a. Bandwagon effect
b. Anchoring bias
c. Clustering illusion
d. Zero risk bias - Answer-anchoring bias
What are the four types of data analytical method?
a. Descriptive, explanatory, predictive and prescriptive
, b. Critical, analytical, predictive and explanatory
c. Descriptive, logical, predictive and prescriptive
d. Descriptive, analytical, predictive and prescriptive - Answer-descriptive, explanatory,
predictive and prescriptive
In an ETL process, data is loaded into a final target database such as:
a. Public database
b. Operational dashboard
c. Data warehouse
d. Social media database - Answer-data warehouse
In an agile approach of analytics what is the first step of the process?
a. Model data
b. Score and deploy
c. Perform business discovery
d. Perform data discovery - Answer-perform business discovery
Gambler's fallacy is _______________.
a. framing effect bias
b. a zero risk bias
c. a clustering illusion
d. an endowment effect bias. - Answer-a clustering illusion
Which of the following tools help in periodic managerial decision-making?
a. Database
b. Servers
c. OLAP
d. OLTP - Answer-OLAP
"Google Doc" is an example of _______ in a could computing environment.
a. PaaS
b. SaaS
c. Virtualization
d. IaaS - Answer-Saas
You are creating a database to store temperature and wind data from various airport.
Which of the following fields is the most likely candidate to use as the basis for a
Primary Key in the Airport Table?
a. Address
b. Airport Code
c. State
d. City - Answer-airport code
_______ ensures that related data exist in parent table before allowing an entry into a
child table.
a. Data redundancy
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