Descriptive analytics - Study guides, Class notes & Summaries

in what forms can data be? - correct answers structured or unstructured what is structured data? - correct answers organized as data arrays (spreadsheets) with variables, observations, and values what are variables? - correct answers characteristics of members of a population (age, gender, etc) what are observations? - correct answers list of all variables for a single member of a population what are values? - correct answers measurements of each observation for each variable what...

WGU C207 Final Self-Assessment Questions and Answers Latest Update 2023/2024. Question 1 Amanda is measuring the temperature. She looks at the thermometer and sees that it is somewhere between 65 and 66 degrees Fahrenheit. She is okay with the temperature in between two integers because she knows temperature is not data, but temperature is data. • a) Nominal, Ordinal • b) Nominal, Discrete • c) Continuous, Discrete • d) Discrete, Continuous Feedback: The correct answer is D. Te...

What are the divisions of the core components of analytics? - - To analyze data, core components of analytics are divided into the following categories: -Descriptive -Diagnostic -Predictive -Prescriptive -Cognitive What are descriptive analytics? - - Descriptive analytics help answer questions about what has happened based on historical data. Descriptive analytics techniques summarize large datasets to describe outcomes to stakeholders. What are examples of descriptive analytics? - ...

WGU C207 OA Questions and Answers 100% Pass Simple indexing Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. Weighted Index assign a weight to allow for...

QM 520 - Case Study 1: Ska Brewing Company is a producer of fine craft beer. Complete Solution PROBLEM 1 Situation: Ska Brewing Company is a producer of fine craft beers located in Durango, Colorado. With its flagships Ale and Lager, they have enjoyed double-digit growth for more than a decade with no signs of allowing down. Ska was founded in 1995, and through hard work and laser-like focus on brewing great beer continued to grow. In 2012, Ska brewed more than 25,000 barrels of beer (1 ba...

CORRECT ANSWERS ARE LOCATED IN THE 2ND HALF OF THIS DOC. TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) Companies today are successful when they combine the power of the information age with traditional business methods. ⊚ true ⊚ false 2) Diagnostic analytics is information collected from multiple sources such as suppliers, customers, competitors, partners, and industries that analyzes patterns, trends, and relationships for strategic decisio...

Simple indexing CORRECT ANSWER Common analytic measure to improve performance. Compares current data with data during a base period. (Price / Price during "Base Period") x 100 i.e. Big Mac was 1.60 in 1968 which is base period. what is index for 2014 if price was 4.80 then? (4.80 / 1.60) * 100 = 300 (means price is 3x greater than base period) Used to identify price fluctuations of supplies, materials, products, etc. Weighted Index CORRECT ANSWER assign a weight to allow for s...

Which category of analytics will knowledge workers use to perform their jobs? All answers are correct: Descriptive analytics techniques that describe past performance and history. Predictive analytics techniques that extract information from data and use it to predict future trends and identify behavioral patterns. Prescriptive analytics techniques that create models indicating the best decision to make or course of action to take. Which of the following refers to applications and tec...

PROBLEM 1 Situation: Ska Brewing Company is a producer of fine craft beers located in Durango, Colorado. With its flagships Ale and Lager, they have enjoyed double-digit growth for more than a decade with no signs of allowing down. Ska was founded in 1995, and through hard work and laser-like focus on brewing great beer continued to grow. In 2012, Ska brewed more than 25,000 barrels of beer (1 barrel = 2 standard kegs = 4,032 ounces) with sales exceeding $6.5 million. Action: Using the ...

Test Bank for Business Intelligence, Analytics, Data Science, and AI, 5th edition 5e by Ramesh Sharda, Dursun Delen, Efraim Turban. Full Chapters test bank are included - Chapter 1 - 11 An Overview of Business Intelligence, Analytics, Data Science, and AI Artificial Intelligence: Concepts, Drivers, Major Technologies, and Business Applications Descriptive Analytics I: Nature of Data, Big Data, and Statistical Modeling Descriptive Analytics II: Business Intelligence Data Warehousing, and Visualiz...