pass 2025/2026
1. Analytics is the discovery, analysis and communication of
mean-ingful patterns in data
2. Information Bias A prejudice in the data that results when either
the respondent or the interviewer has an agenda
that attects responses
3. Ordinal Data places data into categories that are ordered by a
prede-termined criteria
4. Omission Error occurs when something (for example data or
survey response) is missing
5. Interval Data is numerical data that is ordered, is equal distance
apart and does not have a natural zero
6. Reliable Data is consistent and repeatable.
7. Random Error represents errors in data caused by
unpredictable sta-tistical fluctuations
8. Nominal Data places data into "either or" categories or identifies
by name or characteristic
9. Data Management includes cleaning and storage of collected data.
10. Big Data is a massive amount of data that is diflcult to
process using traditional database and
software techniques
11. Ratio Data is numerical data that has a natural zero allowing
this data to be added, subtracted, multiplied
and divided.
12. Measurement Bias is a prejudice in data that results when the sample
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, is not representative of the population be tested
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, C207 Study Session Guide Analysis: The largest
consumer group of the
13. Why is quantitative analysis product is female
and analytics important in
decision making? (Choose 18. determine whether it's an
3) ex-ample of Descriptive,
Predictive, or Prescriptive
14. determine whether it's an Analysis: Employee
exam-ple of Descriptive,
Predictive, or Prescriptive
Analysis: Sales for the
Northern Region are
expected to decrease 2% in
the next fiscal year
15. determine whether it's an
exam-ple of Descriptive,
Predictive, or Prescriptive
Analysis: The median
household income for New
York City from 2009 - 2013 is
$58,003
16. determine whether it's an
exam-ple of Descriptive,
Predictive, or Prescriptive
Analysis: Alternating two
trains between 5:00 p.m. and
7:00 p.m. will increase on
time ar-rivals.
17. determine whether it's an
exam-ple of Descriptive,
Predictive, or Prescriptive
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,Decisions are less subjective, Analytics can be
explana-tory and Managers can build predictive
models
Predictive Analysis
Descriptive Analysis
Prescriptive Analysis
Descriptive Analysis
Predictive Analysis
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