Predictive analytics exam - Study guides, Class notes & Summaries

BANA 2372 - Hollander - Final Exam - Chapters 1-9 UPDATED ACTUAL Exam Questions and CORRECT Answers ____ analytics is the set of analytical techniques that yield a course of action. - CORRECT ANSWER- Prescriptive _____ analytics consists of analytical techniques that use models constructed from past data to predict the future or to assess the impact of one variable on another. - CORRECT ANSWER- predictive _____ analytics encompasses the set of analytical techniques that describe what...

WGU - Introduction to Analytics D491 Exam Questions With 100% Verified Answers What is data analytics? - The process of analyzing data to extract insights - The process of encrypting data to keep it secure - The process of storing data in a secure location for future use - The process of collecting data from various sources - answerThe process of analyzing data to extract insights What is data science? - The practice of using statistical methods to extract insights from data - A field ...

WGU C207 OA DATA DRIVEN DECISION MAKING FINAL EXAM 2024/70 EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS WITH RATIONALES/ALREADY GRADED A+ 1. Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? Prescriptive Descriptive Pareto chart Biased Prescriptive analytics: can make use of current and future projected data to make suggestions and help direct your decisions. Optimization: a prescr...

MIST 6360 Final Exam Correct Questions and Answers! Data Science - ANSWER interdisciplinary field about scientific methods, processes, and systems to extract knowledge or insights from data in various forms, either structured or unstructured 3 Analytical Approaches to Predictive Analytics - ANSWER Statistics, Artificial Intelligence, Machine Learning Statistics - ANSWER the foundation for predictive analytics -- the building blocks Ex: regression, factor & cluster analysis Artific...

BUAN 6312 Exam 1 Questions and Answers Already Passed Question: What is the primary objective of business analytics in an organization? Answer: The primary objective of business analytics is to use data-driven insights to improve decision-making, optimize business processes, and enhance overall organizational performance. Question: What are the key components of the data analytics process? Answer: The key components of the data analytics process include data collection, data clea...

WGU D204 Exam Questions & Answers Latest Updated 2024/2025 | Scored A+. What questions will data analytics consider improving 10% market share value to open new store in a different location? a. Get list of geographic areas b. Reduce staff pay by 10% c. Check compatible market value d. None of the above - ANSWER-C Check compatible market value A data set has K variables, and the classifying method has the following steps: compare levels on nearby data, assign a new case to a category of n...

Big Data Final Exam Questions With Verified Answers Which analytics does the following fall into: Alice notice that call center always have an increase in the number of customer complaints during last week in May, so she decides reviews the employees work schedule in the month of May for the past 5 years. Datasets continue to become larger, more diverse, more complex and streaming-centric Model used for predictive analytic have implicit dependencies on the conditions under which the ...

WGU D204 Practice Exam Questions and Answers Updated 2024/2025 Graded A+. Data Exploration In which phase of the data analytics life cycle does an analyst build a histogram? a. Data acquisition b. Data exploration c. Discovery d. Predictive modeling Exploratory data analysis An analyst applies a statistical formula to obtain the average temperature for a city over the last 50 years. Which phase of the data analytics life cycle is represented by this activity? a. Data acquisition b. Exp...

AN 300 (Practice Exam 1) Questions with Correct Answers What is the Business Analytics approach for managerial decision making? - Correct Answer - improve business performance - it is to yield actionable insights from analyzing data -to make evidence-based decisions we rely on our CEO's vision to promote the next year's assortment of products - Correct Answer decision making The use of sophisticated software tool to predict employee turnover and retention - Correct Answer predic...

WPC 300 FINAL EXAM 2024/2025 TEST BANK WITH 100+ PRACTICE QUESTIONS AND CORRECT ANSWERS (100% CORRECT VERIFIED ANSWERS) WPC 300 FINAL EXAM 2024 (LATEST) Target is examining their online sales data during the pandemic to understand what happened. Which kind of analytical technique are they using? - ANSWERDescriptive analytics Costco wants to know how to stock their warehouses for a future pandemic and are using current sales data to help them project the needs. Which kind of analytical...