
FPBA1014 Chapter 5 Quiz

Quiz
•
Business
•
University
•
Medium
TAN SAMUEL
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is Linear Regression?
A method to help make decisions using nodes and branches.
Finding the nearest neighbours of a point of data to help classify the data into a group.
A fundamental tool for statistical analysis to show relationships between two or more variables.
Allowing a machine to learn from training data so that it is able to make predictions when given new data.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which scenario shows how Linear Regression can show relationships between two (or more) variables?
The average height of a population can be measured.
The height of a person can be used to predict the weight of that person.
A decision on whether to go out or stay home can be made after looking through all possible nodes and branches.
The percentage of market share of Toyota in the country can be visualised.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a Decision Tree?
A method to help make decisions using nodes and branches.
Finding the nearest neighbours of a point of data to help classify the data into a group.
A fundamental tool for statistical analysis to show relationships between two or more variables.
Allowing a machine to learn from training data so that it is able to make predictions when given new data.
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one of the benefit of using Predictive Modelling?
Able to understand what has happened in the past
Able to collect large amounts of customer data and analyse it in a timely manner
Able to analyse what went wrong in a past business decision.
Able to allocate resources in an organisation effectively and efficiently
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a benefit of Data Visualisation?
Data might become too simplified
Makes complex data easier to understand
Quicker analysis can be performed
Patterns between data points can be highlighted
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of visualisation is this?
Scatter diagram
Pie chart
Bar chart
Heat map
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of visualisation is this?
Scatter diagram
Pie chart
Bar chart
Line chart
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