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ACC 325-Data and and Predictive Analytics Flashcards | StudBud
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ACC 325-Data and and Predictive Analytics
ACC 325-Data and and Predictive Analytics
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Questions
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Answers
1
The first step of typical data analytics is (1)_____________, including (2)_______, and (3)_________.
none of above
(1) defining the hypothesis (2) defining the questions, and (3) problems
(1)defining the questions, (2) defining the problems, and (3) hypothesis.
(1) defining the problems, (2) defining the hypothesis and (3) questions.
2
___ is
drilling down the data
to understand
why things are happening in my business.
diagnostic analytics
predictive analytics
prescriptive analytics
descriptive analytics
3
Which one below is
the last step
of data analytics?
collecting/gathering the data
scrubbing (cleaning) the data
analyzing the data
interpreting and sharing the results
4
Power BI,
business analytics service, analyzes and visualizes data, extracts insights, and shares it across departments.
True
False
5
___ is done after predictive analysis to investigate
what we will do about future happening.
predictive analytics
prescriptive analytics
diagnostic analytics
descriptive analytics
6
The general term of predictive analytics
includes the _______. (multi-select)
diagnostic analytics
predictive analytics
prescriptive analytics
descriptive analytics
7
Data analytics is used to make faster and better business decisions to......
above all
develop new and innovative products
predict future sales or purchasing behavior
reduce the overall business costs
8
Which one below is
the fourth step
of data analytics?
analyzing the data
interpreting and sharing the results
collecting/gathering the data
scrubbing (cleaning) the data
9
___ is
cleaning, relating, summarizing, and visualizing
the data. It answers
what is happening to my business
.
predictive analytics
diagnostic analytics
prescriptive analytics
descriptive analytics
10
Data analytics is used for.....
boosting customer acquisition and retention
above all
helping and protecting against fraud
increasing supply chain efficiency
11
Tableau
is a powerful Business Intelligence tool that manages the data flow and turns data into actionable information.
False
True
12
What are the
components of data science
? (multi-select)
Math and statistics knowledge
Data skills
substantive expertise, such as managerial accounting
Computer science
13
Predictive analytics
is a data science technique used to make predictions based on past or current data.
True
False
14
Data analytics is about finding patterns in the data that can tell you something relevant about business operations.
False
True
15
Which one below does describe "data analytics" best?
Collecting loads of raw data for the company
Collecting, analyzing the data, and pulling out useful insights
Collecting loads of raw data and analyzing them for the company.
The process of analyzing the raw data
16
Which one below is
the second step
of data analytics?
scrubbing (cleaning) the data
analyzing the data
collecting/gathering the data
interpreting and sharing the results
17
Which one below is
the third step
of data analytics?
analyzing the data
collecting/gathering the data
scrubbing (cleaning) the data
interpreting and sharing the results
18
Data analyst does NOT need to have the mathematical and statistical ability.
False
True
19
Data analytics help managers make the most informed decisions.
True
False
20
___ is
building and refining the model
to understand
what is going to happen in the future in my business.
prescriptive analytics
diagnostic analytics
predictive analytics
descriptive analytics
21
A data analyst needs to know
programming languages, such as_________.
Oracle
all of above
Phython
SQL
22
____forecasts potential future outcomes based on past data. ___ makes actionable recommendations based on the forecast.
Prescriptive analytics, Predictive analytics
Prescriptive analytics, Diagnostic analytics
Predictive analytics, Descriptive analytics
Predictive analytics, Prescriptive analytics
23
Power BI and Tableau
are the favorite tools for ________ analytics. (multi-select).
diagnostic analytics
prescriptive analytics
descriptive analytics
predictive analytics
24
Data analytics is a kind of business intelligence.
True
False
25
Which of the following are business intelligence tools for
predictive analytics
? (multi-select)
Tableau
R analytics
Power BI
Phyton
