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Anchoring bias - 🧠ANSWER ✔✔Over-reliant on the first piece of
information is called
Gamblers' fallacy is ____________. - 🧠ANSWER ✔✔a clustering illusion
Which of the following is an example of secondary data? - 🧠ANSWER
✔✔Firm's proprietary data
, In an agile approach of analytics what is the first step of the process? -
🧠ANSWER ✔✔perform business discovery
Predictive analytics may be applied to __________, which is a set of
techniques that use descriptive data and forecasts to identify the decisions
most likely to result in the best performance. - 🧠ANSWER ✔✔Prescriptive
analytics
Which of the following data analytics model use optimization techniques? -
🧠ANSWER ✔✔Prescriptive analytics
Which of the following statements is true? - 🧠ANSWER ✔✔Experimentation
is a way of analytical thinking
When you keep eating the food you don't like precisely because you
already bought the food, you are committing _____________. - 🧠ANSWER
✔✔sunk-cost fallacy
What are the four types of data analytical method? - 🧠ANSWER
✔✔Descriptive, explanatory, predictive and prescriptive
In an ETL process, data is loaded into a final target database such as: -
🧠ANSWER ✔✔Data warehouse