Determine the correct scope of business analytics for the following definition.
"The use of data to understand past and current business performance and make informed decisions"
Power BI Module 2
University
•8 Qs
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QUIZIZZ_BA_BENEFITS OF PRESCRIPTIVE ANALYTICS_26042023
University
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Power BI Module 2
Quiz
•
Business
•
University
•
Hard
Wei Chien Ng
Used 2+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Diagnostic Analytics
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Determine the correct scope of business analytics for the following definition.
"Predict the future by examining historical data, detecting patterns or relationships in these data, and then extrapolating these relationships forward in time"
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Diagnostic Analytics
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Determine the correct scope of business analytics for the following definition.
"Identify the best alternatives to minimise or maximise some objective"
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Diagnostic Analytics
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which Advanced Analytics has the highest value and highest complexity?
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
Diagnostic Analytics
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of Optimization?
Process of finding values of decision variables that minimize / maximize something such as cost / profit
Extracting meaning from data to support evaluation and decision making
The use of data to understand past and current business performance and make informed decisions
Predict the future by examining historical data, detecting patterns or relationships in these data, and then extrapolating these relationships forward in time
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is not the key benefit of BI?
BI is cheap to be implemented
Operate more efficiently
Increase revenue and profitability
Spot issues so they can be resolved
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
We can do data transformation at Power BI
TRUE
FALSE
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the correct sequence of visualization?
Data Transformation > Data Modelling > Data Visualization
Data Visualization > Data Transformation > Data Modelling
Data Modelling > Data Visualization > Data Transformation
Data Transformation > Data Visualization > Data Modelling
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