BF160 Quiz 2 Key Terms Review

Mathematical formulas placed in software that perform an analysis on a dataset.

• Dataset

• Infographic

• Algorithim

• Algebra

Simulates human thinking and behavior, such as the ability to reason and learn.

• Artificial Intelligence (AI)

• Data

• Knowledge

• Google

The purchasing of goods and services to meet the needs of the supply chain.

• Data Analytics

• Robotics

• Procurement

• Supply Chain Data

Present the results of data analysis, displaying the patterns, relationships, and trends in a graphical format.

• Knowledge

• Bitcoin

• Data

• Infographic

A business analytics specialist who uses visual tools to help people understand complex data.

• Data Visuals

• Knowledge

• Data Artist

• Blockchain

Occurs when distorted product-demand information ripples from one partner to the next throughout the supply chain.

• Bullwhip Effect

• Horizontal Effect

• Bad Dataset

• Disruptive Analysis

A type of distributed ledger, consisting of blocks of data that maintain a permanent and tamper-proof record of transactional data.

• Data

• Blockchain

• Distribution Center

• Banking

A process that employs specialized algorithms to model and study complex datasets; the method is also used to establish relationships among data and datasets.

• Artificial Intelligence (AI)

• Blockchain

• Deep Learning

• Data

Involve higher level issues concerned with the overall direction of the organization. These decisions define the organization’s overall goals and aspirations for the future.

• High Level Meeting

• Executive Decision

• Supervisor Decision

• Strategic Decision

Occurs when a machine learning model has poor predictive abilities because it did not learn the complexity in the training data.

• Underfitting

• Dataset

• Overfitting

• Knowledge