WPC 300 Final Written Exam 2024/2025 (questions and answers

WPC 300 Final Written Exam 2024/2025 (questions and answers) In an agile approach of analytics, what is the first step of the process? Perform data discovery Perform business discovery Score and deploy Model data - CORRECT ANSWER-Perform business discovery In an ETL process, data is loaded into a final target database such as: Operational dashboard Public database Social media database Data warehouse - CORRECT ANSWER-Data warehouse What are the four types of data analytical method? Descriptive, explanatory, predictive and prescriptive Critical, analytical, predictive and explanatory Descriptive, logical, predictive and prescriptive Descriptive, analytical, predictive and prescriptive - CORRECT ANSWER-Descriptive, explanatory, predictive and prescriptive Which of the following is an example of secondary data? Simulated data Survey data Interview data Firm's proprietary data - CORRECT ANSWER-Firm's proprietary data Which of the following data analysis models use optimization techniques? Prescriptive analytics Predictive analytics Descriptive analytics Diagnostic analytics - CORRECT ANSWER-Prescriptive analytics 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. Prescriptive analytics Descriptive analytics Explanatory analytics Forecast analytics - CORRECT ANSWER-Prescriptive analytics Target is examining their online sales data during the pandemic to understand what happened. Which kind of analytical technique are they using? Descriptive analytics Prescriptive analytics Forecast analytics Predictive analytics - CORRECT ANSWER-Descriptive analytics Costco wants to know how to stock their warehouses for a future pandemic and are using current sales data to help them project the needs. Which kind of analytical technique are they using? Predictive analytics Descriptive analytics Prescriptive analytics Explanatory analytics - CORRECT ANSWER-Predictive analytics Your professor is considering purchasing a self-driving car that can figure out the best route and the optimum safe way to drive there without human intervention. What kind of analytics is the car using to do this? Predictive analytics Explanatory analytics Descriptive analytics Prescriptive analytics - CORRECT ANSWER-Prescriptive analytics Which of the following question(s) can be better answered using data in order to reach an evidence-based conclusion? Who will win the NBA championship? All of the answer selections are correct. What is the purchase pattern(s) of our customers? How many students will enroll for an online class in the Spring? - CORRECT ANSWERAll of the answer selections are correct.