Chapter 1 MC Questions

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which approach to data analytics attempts to predict relationship between two data items? a. profiling b. classification c. link prediction d. regression

link prediction

big data is often described by the three V's, which are: a. volume, velocity, and variability b. volume, velocity, and variety c. volume, volatility, and variability d. variability, velocity, and variety

volume velocity variety

which approach to data analytics attempts to assign each unit in a population into a small set of classes where the unit belongs? a. classification b. regression c. similarity matching d. co-occurence grouping

classification

which skills were *not* emphasized that analytic-minded accountants should have? a. develop an analytics mindset b. data scrubbing and data preparation c. classification of test approaches d. define and address problems through statistical data analysis

classification of test approaches

which skills were *not* emphasized that analytic-minded accountants should have? a. data quality b. descriptive data analysis c. data visualization d. data and systems analysis and design

data and systems analysis and design

which of these terms is defined as being a central repository of descriptions for all of the data attributes of the dataset? a. big data b. data warehouse c. data dictionary d. data analytics

data dictionary

the IMPACT cycle includes all *except* the following process: a. communicate insights b. data preparation c. address and refine results d. perform test plan

data preparation

XBRL or securities filing identified all of the following as benefits for using XBRL except for: a. availability b. transparency c. proprietary d. market enhancement

proprietary

which of the following best describes the data analytics skill of developing an analytics mindset?: a. perform basic analysis of to understand the quality of the underlying data and its ability to address the business question b. comprehend the process needed to clean and prepare the data before analysis c. recognize when and how data analytics can address business questions d. recognize what is meant by data quality, be it completeness, reliability, or validity

recognize when and how data analytics can address business questions

by the year 2020, about 1.7 megabytes of new information will be created every: a. week b. second c. minute d. day

second

which approach to data analytics attempts to identify similar individuals based on data known about them? a. classification b. regression c. similarity matching d. data reduction

similarity matching

the IMPACT cycle includes all *except* the following process: a. visualize the data b. identify the questions c. master the data d. track the outcomes

visualize the data


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