Business Analytics

Analytics is the use of ___, ___, ___, ___, and ___.

• data, information technology, statistical analysis

• data, database, and information

• quantitative method, computer-based model

Where can you apply Analytics? Choose 3 answers.

• Human Resource Planning

• Chain Plant Regression

• Pricing Decisions

• Pharmacuetical Department

• Financial and Marketing Activities

It enhances the understanding of Data

• DATABASE

• DATA

• BUSINESS ANALYTICS

• PROTOTYPING

Analyzes the past performance and tell what is likely to happen.

• Descriptive Analytics

• Predictive Analytics

• Prescriptive Analytics

Uses optimization techniques in telling what might have happened and what is the best solution.

• Descriptive Analytics

• Predictive Analytics

• Prescriptive Analytics

Uses data to understand past & present.

• Descriptive Analytics

• Predictive Analytics

• Prescriptive Analytics

It is the collected facts and figures.

• DATA

• DATABASE

• INFORMATION

It is an Ordinal Data but with constant difference between observation.

• Interval Data

• Ordinal Data

• Categorical Data

• Rational Data

What are the Classifications of Datas in Business Analytics

• Ordinal Data

• Numerical data

• Categorical Data

• Rational Data

• Interval Data

What are the Two Types of Data Mining

• Clustering Data Mining

• Supervised Learning

• Regression Data Mining

• Unsupervised Learning