What is the primary goal of prescriptive analytics?

To provide recommendations for action

What is a mathematical model?

An abstract representation of a problem

What is the purpose of slicing in an OLAP cube?

To analyze a single dimension in detail

What makes MIP different from LP?

It includes integer decision variables

Which of these is true about linear programming (LP)?

All decision variables have an exponent of 1

What is operations research?

A decision-making method using math models

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Business Informatics Lecture 10

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Questions 20

Answers

1
What is the primary goal of prescriptive analytics?
To provide recommendations for action
To predict future trends
To describe past data
To summarize business reports
2
Which of the following is an NP-hard problem?
Mixed Integer Programming
Pie Chart Creation
Simple Addition
Linear Programming
3
Which tool can be used to solve Linear Programming problems?
PowerPoint
Photoshop
Excel Solver
Word Processor
4
What is a mathematical model?
A programming language
A visualization tool
An abstract representation of a problem
A financial forecasting method
5
What is the purpose of slicing in an OLAP cube?
To analyze a single dimension in detail
To remove unimportant data
To merge different datasets
To increase database speed
6
Which of the following is NOT a component of a data warehouse?
OLTP System
Dashboard Applications
Metadata
Data Marts
7
Which solution method is used for LP problems?
Monte Carlo Simulation
Primal Simplex Method
Neural Networks
Decision Trees
8
What makes MIP different from LP?
It allows fractional variables
It is faster to solve
It does not require constraints
It includes integer decision variables
9
What does ETL stand for in data warehousing?
Extract, Transfer, Load
Evaluate, Transform, Link
Extract, Transform, Load
Export, Transfer, Log
10
Which is a common approach to solving MIP problems?
Random Sampling
Support Vector Machines
Branch-and-Bound
Heuristic Search
11
Which of these is a risk in applying OR methods?
Improved Efficiency
Missing Transparency
Faster Decision Making
Higher Costs
12
Which of these is true about linear programming (LP)?
All decision variables have an exponent of 1
It only works with integer numbers
It cannot be solved efficiently
It allows nonlinear functions
13
Which is a real-world application of Operations Research?
Customer Service Calls
Social Media Advertising
Supply Chain Optimization
Graphic Design
14
What constraint is most likely included in a production planning model?
Website traffic rate
Production capacity limits
Maximum social media followers
Employee happiness level
15
Which method is commonly used for Association Rule Mining?
K-Means Clustering
Linear Regression
Decision Trees
Apriori Algorithm
16
What is operations research?
A research on business operations
A decision-making method using math models
A study of financial markets
A software development approach
17
What is the first step in the OR-based decision-making process?
Problem Modeling
Decision Evaluation
Solution Implementation
Data Collection
18
Which of these is a key element of a mathematical model?
Company profits
User interface
Decision variables
Customer reviews
19
Which of the following is a predictive analytics method?
Optimization Models
Dashboard Reporting
Data Visualization
Classification
20
How has MIP solution software improved in the last 30 years?
Over 1,000,000 times faster
100 times faster
10 times faster
1,000 times faster

Business Informatics Lecture 10 Flashcards | StudBud