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Quiz on Decision Support Systems and Machine Learning

Authored by Sotiris Pelekis

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Quiz on Decision Support Systems and Machine Learning
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14 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary focus of forecasting in a business context?

Reducing production costs

Increasing marketing budgets

Strategic planning and operational efficiency

Enhancing employee satisfaction

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a challenge in forecasting real-world time series?

Consistent data quality

Predictable consumer behavior

Trends and seasonality

Stable market conditions

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key advantage of ML/DL models over traditional forecasting models?

They require less data

They are easier to implement

They do not require hyperparameter tuning

They capture complex dependencies and external features

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does AutoML stand for?

Automated Machine Learning

Artificial Machine Learning

Automated Model Learning

Advanced Model Learning

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a step in the ML forecasting lifecycle?

Data preprocessing

Model selection

Hyperparameter tuning

Market analysis

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of hyperparameter tuning?

To automate the entire forecasting process

To reduce the amount of data needed

To optimize model settings for better performance

To select the best data source

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which algorithm is known for probabilistic forecasting with RNNs?

DeepAR

N-BEATS

LightGBM

Prophet

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