Reference no: EM133238568
Questions
1. Which of the following analytical techniques helps us to arrive at the best decision?
a. Predictive b. Prescriptive c. Data Mining d. Descriptive
2. Advanced analytics generally refers to
a. Descriptive and Prescriptive b. Predictive and Prescriptive c. Descriptive and Predictive
3. Picks and Axes Inc. is an Internet-based retail seller of hiking boots and mountaineering gear. The company decides to open retail stores across the major areas of the city to help complement its Internet-based strategy. This activity would be categorized as a(n)
a. Tactical b. Operational c. Strategic d. Financial
4. The extraction of information on the number of shipments, how much was included in each shipment, the date each shipment was sent, and so on from the manufacturing plant's database exemplifies
a. Data mining b. Dashboard c. Spreadsheet Model d. Data Queries
5. Which one of the following is used in predictive analvtics?
a. Data dashboard b. Linear Regression c. Data visualization d. Optimization
6. Models and Techniques used in pharmaceutical industry to assess the risk of introducing a new drug.
a. Dashboard b. Chart c. Descriptive Statistics d. Simulations
7. Simulation optimization helps
a. in identifying the constraints of the situation b. to find good decisions in highly complex and highly uncertain things c. in assigning values to outcomes d. to model certainty using optimization techniques
8. A retail store owner offers a discount on product A and predicts that the customers would purchase products B and C in addition to product A. Identify the technique used to make such a prediction.
a. Data Query b. Data Mining c. Simulation d. Data Dashboard
9. Tactical decisions define
a. the day-to-day activities of the organization. b. the goals and plans of the organization. c. the domain of operations managers, who are close to the customer. d. the steps taken to achieve the goals and?objectives.
10. Which of the following best exemplifies big data?
a. Five hundred Facebook users upload one thousand pictures per day
b. Cellphone owners around the world generate vast amount of data by calling, texting, tweeting, and browsing the web on a daily basis.
c. A local grocery store collects data from those that can scan their loyalty card.
d. Pharmacy that keeps track of customer purchases to send their customer coupons.
e. Other: ___________
11. The decisions concerning an organization's goals and future plans are called
a. Financial b. Tactical c. Strategic d. Operational e. Other: ____________
12. In the financial sector, the model that are used to construct financial instrument such as derivatives
a. descriptive models ?b. predictive models ?c. prescriptive models? d. descriptive and prescriptive models
13. Data dashboards are a type of analytics.
a. Predictive?b. Prescriptive?c. Descriptive d. Comparative
14. Refers to the technology that allows data, collected from sensors in all types of machines, to be sent over the Internet to repositories where it can be stored and analyzed.
a. MapReduce b. Internet of Things c. Handoop d. Advance Analytics.