Quiz 1 (Business Analytics)

It is an analytics that uses past data to determine the impact of one variable on another.

• Business Analytics

• Descriptive Analytics

• Predictive Analytics

• Prescriptive Analytics

Any set of data that is too large or too complex to be handled by standard data-processing techniques and typical desktop software.

• Dashboard

• Data Mining

• Optimization

• Big Data

A type of decision that is concerned with the overall direction of the organization.

• Strategic Decision

• Tactical Decision

• Operational Decision

• Decision Analysis

It is a data-driven decision making approach.

• Business Analytics

• Descriptive Analytics

• Predictive Analytics

• Prescriptive Analytics

The 4 V's of Big Data are:

• Volume, Velocity, Varsity, Veracity

• Volume, Veracity, Visionary, Variety

• Variety, Velocity, Vision, Volume

• Variety, Velocity, Volume, Veracity

A decision on how to run the day to day operation of the organization.

• Decision Making

• Operational Decision

• Tactical Decision

• Decision Analysis

an analytical model that shows the best decision among alternative solutions.

• Predictive

• Prescriptive

• Descriptive

• Repetitive

The use of probability and statistics to model uncertainty to find good decisions in highly complex and highly uncertain settings.

• Tactical Decision

• Simulation Optimization

• Pivot Chart

• Data Security

It uses analytical tools that describes what happened in the past.

• Decision Analysis

• Predictive Analysis

• Operational Decision

• Descriptive Analytics

The study of the total worth or relative desirability of a particular outcome that reflects the decision maker’s attitude toward a collection of factors such as profit, loss,

and risk.

• Utility Theory

• Business Analytics

• Simulation Optimization

• Data Mining