W3-W4_Business Intelligence Quiz

Which of the following is the primary goal of Business Intelligence (BI)?

• To automate operational tasks

• To support managerial decision-making using data-driven insights

• To enhance customer engagement strategies

• To streamline marketing campaigns

What is the main difference between descriptive analytics and predictive analytics?

• Descriptive analytics predicts future outcomes, while predictive analytics reports on past data

• Descriptive analytics reports on what happened, while predictive analytics predicts future trends

• Descriptive analytics focuses on machine learning, while predictive analytics focuses on statistics

• Descriptive analytics focuses on real-time data, while predictive analytics focuses on past data

Which of the following tools are commonly used in descriptive analytics?

• Data mining and text mining

• OLAP (Online Analytical Processing) and dashboards

• Predictive modeling and forecasting

• Optimization and simulation

In which phase of analytics would you most likely encounter techniques such as time series forecasting?

• Descriptive analytics

• Predictive analytics

• Prescriptive analytics

• Real-time analytics

Which of the following best describes Business Intelligence (BI)?

• A method for optimizing operational tasks

• A tool for enhancing customer relationship management (CRM)

• A combination of architectures, tools, databases, and methodologies to support decision-making

• A real-time marketing strategy platform

How does prescriptive analytics differ from predictive analytics?

• Predictive analytics uses historical data, while prescriptive analytics makes future predictions

• Predictive analytics forecasts future events, while prescriptive analytics provides the best course of action

• Predictive analytics involves data visualization, while prescriptive analytics focuses on descriptive data

• Predictive analytics is used for trend analysis, while prescriptive analytics only uses optimization techniques

Which of the following is a key enabler for predictive analytics?

• Data visualization

• OLAP

• Data mining

• Descriptive statistics

Which of the following best describes the primary goal of Online Transaction Processing (OLTP)?

• To provide decision support

• To process transactions in operational databases

• To optimize supply chain processes

• To capture real-time insights

Which technology is an enabler of real-time Business Intelligence (BI) applications?

• RFID (Radio Frequency Identification)

• Data mining

• OLAP

• Predictive analytics

Which of the following differentiates Online Transaction Processing (OLTP) from Online Analytical Processing (OLAP)?

• OLTP supports decision-making, while OLAP captures transactional data

• OLTP is used for operational systems, while OLAP is used for decision support systems

• OLTP is only used in financial systems, while OLAP is used in logistics

• OLTP is used for data mining, while OLAP is used for data storage