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What type of analytics is the retailer using to maintain their pricing structure?
An online retailer of men's athletic apparel is seeking to become the market leader in the industry. To deliver on this strategy, the analytics team continuously collects data on the prices of competitor products and uses this information to adjust the retailer's prices. What type of analytics is the retailer...
The analytics team has completed analyzing a dataset and unfortunately the data didn't deliver the kinds of insights that the team was hoping for.
The analytics team has completed analyzing a dataset and unfortunately the data didn't deliver the kinds of insights that the team was hoping for. After much contemplation, they decide to:A . Summarize the results and indicate the outcome was inconclusiveB . Inform management that analytics could not derive insightful resultsC...
Which of the following would be a justifiable concern at this stage of the team's efforts?
As the team discusses how to utilize the results of their data analysis to put forth a business recommendation, an analyst on the team voices concern over the current organizational culture presenting a roadblock to their ability to influence business decision making. Which of the following would be a justifiable...
Which statement describes a logical database model?
A database analyst is modelling a database for a large toy manufacturer. Which statement describes a logical database model?A . The layer of views created to summarize data or provide another perspective of certain dataB . A model that depicts the actual design of the relational databaseC . An abstraction...
What is the value in sharing the percentile score?
The results for a certification exam were revealed in percentage and percentile. The results for one of the attendees was: 75%, 90th percentile. What is the value in sharing the percentile score?A . The percentile score provides value by assessing the attendee's score against the average score for that examB...
Which of the following techniques if used would achieve this objective?
A dataset contains 10 measures of workplace sustainability. The analytics team is in need of producing a single score of sustainability. Which of the following techniques if used would achieve this objective?A . Logistic regressionB . Linkage algorithmsC . Factor analysisD . K means clusteringView AnswerAnswer: C Explanation: Factor analysis...
Why would this factor be important to the team?
An analytics team is interested in reviewing the results of a public opinion poll that is going to be conducted at the end of the month. One of the factors the team is interested in, is ensuring the result set is statistically significant. Why would this factor be important to...
Which strategic business decision may be logically derived from these results?
A consumer goods manufacturer has recently completed an analytics study to understand how to improve its operational excellence. From the top highlights, online sales outperformed other channels in sales growth and there was a direct relationship between positive customer reviews and increased internet sales. Which strategic business decision may be...
An organization's customers are categorized based on the amount of purchases completed over the last 12 months. The analytics team would like to ensure the accuracy of their survey results and decide to randomly select 500 customers to participate in a survey from this large pool of customers.
An organization's customers are categorized based on the amount of purchases completed over the last 12 months. The analytics team would like to ensure the accuracy of their survey results and decide to randomly select 500 customers to participate in a survey from this large pool of customers. This is...
Which other question is important to consider when evaluating sales performance?
A financial software company has growth and expansion as one of their top strategic priorities for the year. The senior executive team would like to assess their sales performance over the last 3 years to help set sales objectives. In discussion with the business analytics manager, for a comprehensive sales...
