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BUAL 5660 EXAM 2 ACTUAL EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED

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BUAL 5660 EXAM 2 ACTUAL EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED Leave the first rating Practice questions for this set Terms in this set (44) Basic Insight Analytics most commonly used when a hypothesis is not readily apparent for studying or disparate data is being examined. Common methods include slicing and dicing. monitoring, and variance identification Slicing and Dicing breaking down data into smaller components. Need to do this to work on single machines Advanced Insight Analytics - Answers more complex questions or uses more complex data - Includes sophisticated techniques such as advanced modeling, machine learning, neural networks, text analytics, and data mining - This techniques are common across data environments and not necessarily constrained to the big data environment - Technology has enabled average users to engage with more advanced analytics Predictive Modeling - Supports structured and unstructured data - Includes statistical or data mining processes using advanced algorithms or techniques - Often includes an iterative process that starts with a large set of predictor variables and refines the model to those with the most impact on (or predictive power on) the outcome variable -- For example, what influences the purchase of a specific model of auto over others?

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4/15/25, 11:16 BUAL 5660 Exam 2 |
AM


BUAL 5660 EXAM 2 ACTUAL EXAM QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
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Practice questions for this set


Learn 1/7 Study using Learn




a word or phrase extracted by NLP



Select the correct term


1Data
2Slicing and Dicing




3Corpus 4Terms




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Terms in this set (44)


most commonly used when a hypothesis is not readily apparent for
Basic Insight Analytics studying or disparate data is being examined. Common methods
include slicing and dicing. monitoring, and variance identification

breaking down data into smaller components. Need to do this to
Slicing and Dicing
work on single machines




1/
5

, 4/15/25, 11:16 BUAL 5660 Exam 2 |
AM
- Answers more complex questions or uses more complex data
- Includes sophisticated techniques such as advanced modeling,
machine learning, neural networks, text analytics, and data
Advanced Insight Analytics
mining
- This techniques are common across data environments and not
necessarily constrained to the big data environment
- Technology has enabled average users to engage with more advanced analytics
- Supports structured and unstructured data
- Includes statistical or data mining processes using advanced
algorithms or techniques
- Often includes an iterative process that starts with a large set of predictor
Predictive Modeling
variables and refines the model to those with the most impact on
(or predictive power on) the outcome variable
-- For example, what influences the purchase of a specific model of
auto over others?

- Operationalized analytics are termed that because they are
embedded (operationalized) in the business processes of the
organization
Process-Driven (Operational) Analytics
- Not only includes analytics, but often an automated action based
on prediction or decision rules
-- For example, if the credit charge seems out of place, hold it and
notify the credit card holder
These analytics techniques may include any of the above mentioned
techniques but are specific to increasing profit for the organization
- Product bundling
Revenue-Driven (Monetizing) Analytics
- Sales prediction focused on manipulable items (e.g., target marketing)
- Location specific data
- Contract evaluation

Noise Information in the data that is useless or distracts from the actual value

Algorithms ___________ideally should be run as close to the data source as possible

Data ________mining uses structured data from databases

_______mining uses unstructured data. It imposes structure to the data then mines
Text
that. Example: Word docs, PDF files, text excerpts, XML files, and so on

simple method of text mining that groups words together irrespective
Bag of Words of their order and arranges them by classification (e.g. sales,
complaint).
- take all of the words and look at the frequency of the words
Corpus a large body of text, (the whole text dataset)

Terms a word or phrase extracted by NLP

Concepts generalizations about terms

Stemming reducing words to their roots

Stop words words that are filtered out

Include words words that are preindexed

Synonyms words that mean the same thing (e.g. dog, hound, canine)

words that are spelled the same but have different meanings (e.g. lead)
Homonyms
also may simply sound the same but have different meanings (e.g.
poll, pole)
words that are spelled the same but used differently, often a
Polysemes
noun/verb combination (e.g. bank - financial institute, and bank - to
rely on)
assigning meaning to a block of text (e.g. Auburn University vs. Auburn
Tokenizing
+ University)

Term Dictionary a list of words used to narrow a focus or search

Word Frequency number of times a word is found in a specific document


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