IS 300 Ch. 12 Business Analytics

Which of the following is not true of predictive analytics? Predictive analytics are used to detect patterns. Predictive analytics provide estimates about the likelihood of a future outcome. Predictive analytics are based on probabilities. All of the statements are true.

All of the statements are true.

_____ refers to applications and technologies for consolidating, analyzing, and providing access to vast amounts of data to help users make better business and strategic decisions. Transaction processing systems Functional area information systems Expert systems Geographical information systems Business analytics

Business analytics

This information system uses data visualization technologies to analyze and display data in the form of digital maps for planning and decision making purposes. Dashboard Transaction processing system Geographical information system Global positioning system Decision support system

Dashboard

_____ are computer-based information systems that combine models and data in an attempt to solve semistructured and some unstructured problems with extensive user involvement. Dashboards Functional area information systems Decision support systems Group decision support systems Expert systems

Decision support systems

Which capability of digital dashboards enables users to go into greater detail? Drill down Key performance indicators Status access Trend analysis Exception reporting

Drill down

At the end of a semester, a student knows that she must score at least an 81 on the final exam to receive an A in the course. She decided that she can make the 81 by studying the material only the night before the exam. She has just performed what kind of analysis? What-if Statistical Sensitivity Goal-seeking Simulation

Goal-seeking

Which of the following is true of prescriptive analytics? Prescriptive analytics do not require any prior analytics or analysis. Prescriptive analytics recommend one or more courses of action and show the likely outcome of each decision. The statistical procedures involved in prescriptive analytics include linear and multiple regression. All of the statements are true.

Prescriptive analytics recommend one or more courses of action and show the likely outcome of each decision.

_________ decisions are partially routine and partially complex. Midstructured Semistructured Structured Unstructured

Semistructured

___________ decisions deal with routine and repetitive problems. Midstructured Semistructured Structured Unstructured

Structured

__________ decisions deal with "fuzzy", complex problems. Midstructured Semistructured Structured Unstructured

Unstructured

_____ is the study of the impact of a change in the assumptions (input data) on the proposed solution. What-if analysis Statistical analysis Sensitivity analysis Goal-seeking analysis Simulation

What-if analysis

_____ is the study of the impact that changes in one or more variables of a decision-making model have on other variables. What-if analysis Statistical analysis Sensitivity analysis Goal-seeking analysis Simulation

What-if analysis

The entire business analytics process starts with a business problem. analytics. data management. recommendations.

a business problem.

Which of the following is not a reason that managers need IT support? number of alternatives is increasing decisions must typically be made under time pressure decisions are becoming less complex need to access remote information sources decision makers are often in different locations

decisions are becoming less complex

In the _____ phase of the decision making process, managers set criteria for the evaluation of alternative potential solutions. implementation choice design intelligence consideration

design

Suppose you are failing one of your classes. You know you need to pay attention in class, study every day, take better notes, read the book before the lectures, or talk to the teacher about ways to improve. You developed this list in the _________ phase of the IDC. choice design intelligence implementation

design

Which of the following is not a tool used in predictive analytics? Data mining Linear regression multiple regression sensitivity analysis

sensitivity analysis

As a purchasing manager, you have to purchase widgets every week to replenish your inventory. This is a(n) ________ decision. midstructured semistructured structured unstructured

structured

The type of decision that can be made by following a definite procedure is called a(n) ______ decision. structured unstructured undocumented semistructured procedural

structured

You want to make sure your entire organization is using a single data warehouse instead of using a data mart for every department. This is an example of the development of infrastructure to support enterprise-wide analytics. the development of one or a few related analytics applications. support for maintaining organizational strategy. support for organizational transformation.

support for organizational transformation.