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What is a risk that could impact the value of this analysis?
The research question prompting the use of analytics is well-defined. The team obtains the results and determines that the source data did not provide reliable results. As a result of this finding, the team modifies the original question to one that can be answered by the data. What is a...
What is the conclusion he can make from this chart?
A software company launched a new product in late 2016. The product manager is reviewing a Box and Whisker plot used to compare year-over-year sales, from 2017 to 2018. What is the conclusion he can make from this chart?A . 2017 minimum and maximum sales are higher than 2018, and...
Which practice would help address this problem?
The definition of data elements is different across various data sources. The organization is looking to improve the usability of data across the organization. Which practice would help address this problem?A . Data governanceB . Data qualityC . Data architectureD . Data ethicsView AnswerAnswer: A Explanation: Data governance is the...
A professional association is funded by membership fees. The membership renewal occurs every 5 years. Although, they have a strong subscription rate each year, their renewal rate is low. They are working with an external firm specializing in Business Analytics to identify the groups of customers that have a high likelihood of cancelling their subscription after their first 5-year term ends.
A professional association is funded by membership fees. The membership renewal occurs every 5 years. Although, they have a strong subscription rate each year, their renewal rate is low. They are working with an external firm specializing in Business Analytics to identify the groups of customers that have a high...
Which of the following could result in this outcome?
Based on the results of a recently completed analytics initiative, the Human Resource department for a major department store implemented a change to its hiring practice to address the attrition rates of its sales associates. The new policy stated that candidates applying for sales positions must possess at least 3...
The analytics team has been asked to determine if the organization should launch their highest revenue generating product into the North American market. To date, this has only been available in Eastern Europe. To answer this, the team formulates several research questions, including:
The analytics team has been asked to determine if the organization should launch their highest revenue generating product into the North American market. To date, this has only been available in Eastern Europe. To answer this, the team formulates several research questions, including:A . What product launch related costs can...
The analytics team is identifying research questions to address a business problem. The business analysis professional reminds the team that the most important dimension to consider is the:
The analytics team is identifying research questions to address a business problem. The business analysis professional reminds the team that the most important dimension to consider is the:A . Sources of dataB . Quality of the dataC . Timeframe of analysisD . Measurement scaleView AnswerAnswer: B Explanation: The quality of...
The interplay between enterprise systems and data analytics can be envisioned at various layers.
The interplay between enterprise systems and data analytics can be envisioned at various layers. The layer that connects the business processes to data analytics is the:A . information layerB . physical layerC . technical layerD . infrastructure layerView AnswerAnswer: A Explanation: The information layer is the layer that connects the...
What type of analytics would be performed to answer this question?
A marketing director has asked the question 'How many product purchases are expected this coming year given the current marketing campaign? What type of analytics would be performed to answer this question?A . DescriptiveB . PredictiveC . DiagnosticD . PrescriptiveView AnswerAnswer: B Explanation: Predictive analytics is a type of analytics...
Which of the following is true about DFDs?
An analyst is using a Data Flow Diagram (DFD) to depict the flow of data across a data security company. Which of the following is true about DFDs?A . Can be categorized as Logical or PhysicalB . Can illustrate a sequence of activitiesC . Provide similar information as process flowsD...
