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WorksheetsBUSINESS ANALYTICS EXAM
Total questions: 41
Worksheet time: 2hrs 3mins
A linear regression (LR) analysis produces the equation Y = 0.4X + 3. This indicates that:
When Y = 0.4, X = 3
When Y = 0, X = 3
When X = 3, Y = 0.4
When X = 0, Y = 3
Multiple linear regression (MLR) is a __________ type of statistical analysis.
univariate
bivariate
multivariate
Non of the above
—————- is about developing code to enable the machine to learn to perform tasks and its basic principle is the automatic modeling of underlying that have generated the collected data.
Data Science
Data Analytics
Data Warehousing
Data mining
————-type of analytics descibes what happened in past
Predictive
Prescriptive
Descriptive
Probability
—————– analysis estimates the relationship between single dependent variable and single independent variable
Multiple regression
Simple Regression
Correlation
Probability
The white candle has a cylindrical shape. it has a diameter of about 3 cm. the length of the candle is 20 cm. It is hard, smooth and can be scratched. There is a white wick that extends from top to bottom.
Which is a qualitative observation from the sentence?
diameter of about 3 cm
length is 20 cm
hard, smooth and can be scratched
Data gives impact to business, the following statements are telling you the positive impact to business except ...
Create more problem
Making better decision
Improving process
Understanding Customer
Process of exploring data in order to extract the meaningful insight which can be use to better understanding and improve the business are known as
Data Analytics
Big Data
Data Mining
Data Processing
What is correct about Business Analytics
It is the scientific process of transforming data into insight for making better decisions
None of these
is the extensive use of data, statistical and quantitative analysis, explanatory and predictive models, and fact‐based management to drive decisions and actions
Both of these
Applications of BA
Financial Management
E commerce
Social Media
Books
Which is not the type of Business Analytics
Predictive
Analytical
Prescriptive
Descriptive
A type of decision that is concerned with the overall direction of the organization.
Strategic Decision
Tactical Decision
Operational Decision
Decision Analysis
It is a data-driven decision making approach.
Business Analytics
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
It show the relationship between items based on two sets of variable.
Scatter plot
Bubble chart
Histogram
Bubble map
Don't use more than 6 colors in a single layout.
True
False
Used to show time-series relationship with continuous. data
Line Chart
Area chart
scatter plot
bubble chart
Best used to show change over time, compare different categories, or compare parts of a whole.
Line Chart
Pie Chart
Bar Chart
Area chart
It answers the question what might happen.
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
In pre history, sticks and rocks help predict sales trends of new inventions.
True
False
In regression analysis, the variable that is being predicted is the
Dependent variable
Independent variable
Intervening variable
None of the above
The scientific process of transforming data into insights for the purpose of making better decisions refers to ....
Business Intelligence
Data Warehousing
Cloud Computing
Business Analytics
Internet of Things
Analytics is used in
Human Resourse
Finance
Operations management
All of Above
Why Business Analytics matters?
Quantify claims
Turn data into information
Make data-driven decision-making
All stated.
A, B, D, G, K. Which letter comes next in the sequence?
N
O
P
Q
Data visualisation complicates reading information.
True
False
Which measure of central tendency includes the magnitude of scores?
Mean
Mode
Median
None of these
What is the missing number?
5
5
7
9
Which of the following is an essential process in which the intelligent methods are applied to extract data patterns?
Warehousing
Text Mining
Data Selection
Data Mining
Business Analytics is
The use of data, information technology, statistical analysis, quantitative methods and mathematical or computer based models
Help managers gain improved insight about their business operation
Make better, fact based decision
All of the above
In short, Business Analytics is
Big Data
Use of tools and techniques to turn data into meaningful business insights
Analysis of business
None of the above
Prescriptive Analytics is
It aims to predict the probability of occurrence of a future event
innovative ways of data summarization.
Used for understanding the trends in past data which can be useful for generating insights
It assist in finding the optimal solution to a problem or in making the right decision among several alternatives
Predictive Analytics is
Used for understanding the trends in past data which can be useful for generating insights
It predict by examining historical data, detecting patterns or relationship in these data and then extrapolating these relationships forward in time
Finding optimum solution
None of the above
Descriptive Analytics is
Helps in predicting future
Finding optimum solution
Used for understanding the trends in past data which can be useful for generating insights
All of the above
The Question "What is the best action" is answered by
Predictive Analytics
Prescriptive Analytics
Descriptive Analytics
All of the above
Use of MACHINE Learning Algorithms is done in which Analytics_____________
Predictive
Prescriptive
Descriptive
None
Whose Job role is the following statement?:
"Building Business forecasts and strategy including projections for Revenue, Expenses for 5 years for a bank entering a new country".
Data Scientist
Data Engineer
Business Analyst
Business Analysis and Business Analytics are the terms that can be used synonymously
True
False
Business analytics is interdisciplinary involving
Mathematics
Statistics
Computers
Psychology
The first step in the business analytic process is
a. Determine the needs of the business
b. Collect the data
c. Predict the outcome
d. Analyze the data
