Causal analytics - Samenvattingen, Aantekeningen en Examens

Big Data and Business Exam Questions And Answers (Verified And Updated) Data and Analytics - answerThe scientific process of transforming data into insights for making better decisions Branches of Analytics - answer1) Descriptive (Define) 2) Prescriptive (help optimize) 3) Predictive (Predict) Descriptive Analytics - answer-collection of models that help describe the problem situation for further analysis -"what happened?" -Summary statistics or visualizations to describe the data P...

What clearly distinguishes your product from those of the competition is_____ Differentiation Engaging in ethical business practices generally has little impact on marketing strategy and implementation. False What is one of the four elements of the process cycle for customer relationship management? Customer interaction Causal research is useful for identifying characteristics of a target market or determining how customers use a product. True An approach using ____ analytics u...

Which activity does an analyst perform in the discovery phase? Identifying business needs 3 MULTIPLE CHOICE OPTIONS What a potential problem to consider in the business understanding phase? Lack of clear focus on stakeholders, timeline, limitations, and budget In which phase does the analyst identify the stakeholders and research questions? Business understanding 3 MULTIPLE CHOICE OPTIONS In which phase does an analyst build a histogram? Data exploration 3 MULTIPLE CH...

What are the 4 parts of data analytics cycle? - Answer Planning, Wrangling, Modeling and Applying This phase is also known as the discovery phase. During this phase, an analyst defines the major questions of interest that need to be answered, understand the needs of the stakeholders, and assess the resource constraints in the project. - Answer Business understanding ____________________ is the person who champions the vision of the project and has the authority to allocate resources. - An...

WGU C207 OA Questions and Answers Latest Updated 2024/2025 | Rated A+. Which term can be used to describe managerial decisions Prescriptive What are two reasons for the increasing use of analytics in organizational decision making? Choose 2 answers Relatively lower cost of computer storage Higher computer processing power In what way does probability theory inform decision-making for managers? By quantifying risk Which type of data are the Olympic medals of gold, silver, and bronze example...

Heuristics - Answer-Experience, intuition, rules of thumb, think fast. Analytics - Answer-• Observe what has worked • Experimentation • Collect data and analyze data • Find patterns • Boundary and Generalizability • Think slow 20% - Answer-___ of our energy intake goes to the brain. Since slow thinking is expensive, the body is programmed to avoid it. statistical algorithm - Answer-Our brains do contain a _____________________, it is not very accurate. It does not under...

Study for WPC 300 final exam Q&A Heuristic - CORRECT ANSWER-Learns by acting Uses trial and error Values experience, effort reduction Relies on common sense Seeks satisficing solution Fast and frugal May lead to decision biases! analytics - CORRECT ANSWER-developing actionable decisions or rec for action based on insights from histroical data -combo of computer tech, mgt sci techniques, and states to solve real problems -sports analytics, tinder descriptive - CORRECT ANSWER-...

WGU D204: The Data Analytics Journey (Answered) Verified Solution 2023 100% Data scientists are able to find ______, _________, and _____ in unstructured data. order, meaning, and value What is involved in the planning phase? 1. Defining goals 2. Organizing resources 3. Coordinate people 4. Schedule project What is involved in the wrangling phase? 5. Get data 6. Clean data 7. Explore data 8. Refine data What is involved in the Modeling phase? 9. Create model 10. Validate model ...

HIT 205 Test #2 - Analytics Ch 6 Exam Questions With Complete Solutions (Verified And Updated) What statistic is also known as the coefficient of determination? a. R2 b. Pearson's R c. Residual d. Normal score - answerR2 The variable that may cause the change in a second variable is called the: a. Dependent variable b. Independent variable c. Confounding variable d. Extraneous variable - answerIndependent variable Your facility is engaged in a research project concerning patients n...

Data Analytics for Accounting, 1e (Richardson) Chapter 3 Modeling and Evaluation: Going from Defining Business Problems and Data Understanding to Analyzing Data and Answering Questions 1) Benford's Law is an absolute and all data must conform. 2) A decision tree can be used to divide data into smaller groups. 3) Data reduction is a data approach used to reduce the amount of information that needs to be considered to focus on the most critical items. 4) Regression is a data approach used to...