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MISY5370- DATA MINING & PREDICTIVE
ANALYTICS MIDTERM EXAM WITH
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+ 2025 –
2026
Strategic Decision - (ANSWER)a decision that involves higher-level issues and
that is concerned with the overall direction of the organization, defining the
overarching goals and aspirations for the organization's future
Tactical decision - (ANSWER)a decision concerned with how the organization
should achieve the goals and objectives set by its strategy
Operational Decision - (ANSWER)a decision concerned with how the organization
is the run from day to day
Business Analytics - (ANSWER)the scientific process of transforming data into
insight for making better decisions
descriptive analytics - (ANSWER)analytical tools that describe what has happened
data query - (ANSWER)a request for information with certain characteristics from
a database
, 2
data dashboard - (ANSWER)a collection of tables, charts, and maps to help
management monitor selected aspects of the company's performance
predictive analytics - (ANSWER)techniques that use models constructed from
past data to predict the future or to ascertain the impact of one variable on
another
data mining - (ANSWER)techniques used to find patterns or relationships among
elements of the data in a large database
simulation - (ANSWER)the use of probability and statistics to construct a
computer model to study the impact of uncertainty on the decision at hand
Prescriptive analytics - (ANSWER)techniques that take input data and yield a best
course of action
optimization model - (ANSWER)a mathematical model that gives the best
decision, subject to the simulation's constraints
simulation optimization - (ANSWER)the use of probability and statistics to model
uncertainty, coalyimbined with optimization techniques , to find good decisions in
highly complex and highly uncertain settings
MISY5370- DATA MINING & PREDICTIVE
ANALYTICS MIDTERM EXAM WITH
CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+ 2025 –
2026
Strategic Decision - (ANSWER)a decision that involves higher-level issues and
that is concerned with the overall direction of the organization, defining the
overarching goals and aspirations for the organization's future
Tactical decision - (ANSWER)a decision concerned with how the organization
should achieve the goals and objectives set by its strategy
Operational Decision - (ANSWER)a decision concerned with how the organization
is the run from day to day
Business Analytics - (ANSWER)the scientific process of transforming data into
insight for making better decisions
descriptive analytics - (ANSWER)analytical tools that describe what has happened
data query - (ANSWER)a request for information with certain characteristics from
a database
, 2
data dashboard - (ANSWER)a collection of tables, charts, and maps to help
management monitor selected aspects of the company's performance
predictive analytics - (ANSWER)techniques that use models constructed from
past data to predict the future or to ascertain the impact of one variable on
another
data mining - (ANSWER)techniques used to find patterns or relationships among
elements of the data in a large database
simulation - (ANSWER)the use of probability and statistics to construct a
computer model to study the impact of uncertainty on the decision at hand
Prescriptive analytics - (ANSWER)techniques that take input data and yield a best
course of action
optimization model - (ANSWER)a mathematical model that gives the best
decision, subject to the simulation's constraints
simulation optimization - (ANSWER)the use of probability and statistics to model
uncertainty, coalyimbined with optimization techniques , to find good decisions in
highly complex and highly uncertain settings
