Review Quiz BAT 401

Business Analytics is the use of data, information technology, statistical analysis,

quantitative methods, and mathematical or computer-based models to help

managers gain improved insight about business operations and make better, fact

based decisions

• True

• False

These visuals are meant to direct the viewer along a defined path.

• Explanatory

• Exploratory

Which of the following does not belong to the analytics tools?

• Excel

• SAS

• Venngage

• Piktograph

Do use one color to represent each category

• True

• False

Do not use more than 5 colors in a single layout.

• True

• False

Do not use high contrast color combinations such as red/green or blue/yellow.

• True

• False

This is used to create recommendations through

simulation and optimization models.

• Descriptive Analytics.

• Predictive Analytics

• Prescriptive Analytics

This is used to determine relationships between two

different types of data and making predictions about future data.

• Descriptive Analytics.

• Predictive Analytics

• Prescriptive Analytics.

Determine how many people clicked the

ads, how many people bought the product, how many people paid cash-on-delivery, or by

credit card.

• Descriptive

• Predictive

• Prescriptive

Determine the feasibility of

the project, say the likelihood that the project will falter, or overshoot the budget, or fail.

• Descriptive

• Prescriptive

• Predictive