BANA 2082 - Quiz 1.1 WebAssign PDF

Title	BANA 2082 - Quiz 1.1 WebAssign
Course	Business Analytics II
Institution	University of Cincinnati
Pages	1
File Size	27.6 KB
File Type	PDF
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BANA 2082 - Quiz 1.1 WebAssign...

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1. Data dashboards are a type of _________ analytics.

Answer: descriptive

2. ______________ analytics are techniques that use models, constructed from past data, to predict the future or to ascertain the impact of one variable on another.

Answer: Predictive

3. _______________ analytics use techniques that take input data and yield a best course of action.

Answer: Prescriptive

4. Which of the following analytical techniques helps us arrive at the best decision?

Answer: Prescriptive analytics

5. When a decision maker is faced with several alternatives and an uncertain set of future events, s/he uses _____ to develop an optimal strategy.

Answer: decision analysis

6. Which one of the following is used in predictive analytics?

Answer: Linear regression...