UGBA 104- Excel Midterm 1
decision analysis - correct answer Definition:
A technique used to develop an optimal strategy when a decision maker is faced with several decision
alternatives and an uncertain set of future events.
Internet of Things (IoT) - correct answer Definition:
The technology that allows data collected from sensors in all types of machines to be sent over the
Internet to repositories where it can be stored and analyzed.
optimization models - correct answer Definition:
A mathematical model that gives the best decision, subject to the situation's constraints.
Tactical decisions - correct answer Definition:
A decision concerned with how the organization should achieve the goals and objectives set by its
strategy.
Data dashboards - correct answer Definition:
A collection of tables, charts, and maps to help management monitor selected aspects of the company's
performance.
Business analytics - correct answer Definition:
The scientific process of transforming data into insight for making better decisions.
big data - correct answer Definition:
Any set of data that is too large or too complex to be handled by standard data-processing technics and
typical desktop software.
Data security - correct answer Definition:
, Protecting stored data from destructive forces or unauthorized users.
Descriptive analytics - correct answer Definition:
Analytical tools that describe what has happened.
Data mining - correct answer Definition:
The use of analytical techniques for better understanding patterns and relationships that exist in large
data sets.
MapReduce - correct answer Definition:
Programming model used within Hadoop that performs the two major steps for which it is named: the
map step and the reduce step. The map step divides the data into manageable subsets and distributes it
to the computers in the cluster for storing and processing. The reduce step collects answers from the
nodes and combines them into an answer to the original problem.
Hadoop - correct answer Definition:
An open-source programming environment that supports big data processing through distributed
storage and distributed processing on clusters of computers.
data query - correct answer Definition:
A request for information with certain characteristics from a database.
advanced analytics - correct answer Definition:
Predictive and prescriptive analytics.
data scientists - correct answer Definition:
Analysts trained in both computer science and statistics who know how to effectively process and
analyze massive amounts of data.
simulation optimization - correct answer Definition:
decision analysis - correct answer Definition:
A technique used to develop an optimal strategy when a decision maker is faced with several decision
alternatives and an uncertain set of future events.
Internet of Things (IoT) - correct answer Definition:
The technology that allows data collected from sensors in all types of machines to be sent over the
Internet to repositories where it can be stored and analyzed.
optimization models - correct answer Definition:
A mathematical model that gives the best decision, subject to the situation's constraints.
Tactical decisions - correct answer Definition:
A decision concerned with how the organization should achieve the goals and objectives set by its
strategy.
Data dashboards - correct answer Definition:
A collection of tables, charts, and maps to help management monitor selected aspects of the company's
performance.
Business analytics - correct answer Definition:
The scientific process of transforming data into insight for making better decisions.
big data - correct answer Definition:
Any set of data that is too large or too complex to be handled by standard data-processing technics and
typical desktop software.
Data security - correct answer Definition:
, Protecting stored data from destructive forces or unauthorized users.
Descriptive analytics - correct answer Definition:
Analytical tools that describe what has happened.
Data mining - correct answer Definition:
The use of analytical techniques for better understanding patterns and relationships that exist in large
data sets.
MapReduce - correct answer Definition:
Programming model used within Hadoop that performs the two major steps for which it is named: the
map step and the reduce step. The map step divides the data into manageable subsets and distributes it
to the computers in the cluster for storing and processing. The reduce step collects answers from the
nodes and combines them into an answer to the original problem.
Hadoop - correct answer Definition:
An open-source programming environment that supports big data processing through distributed
storage and distributed processing on clusters of computers.
data query - correct answer Definition:
A request for information with certain characteristics from a database.
advanced analytics - correct answer Definition:
Predictive and prescriptive analytics.
data scientists - correct answer Definition:
Analysts trained in both computer science and statistics who know how to effectively process and
analyze massive amounts of data.
simulation optimization - correct answer Definition:
