BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business Analytics
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Self-Service Analytics
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Business Intelligence
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Drill-Down Analysis
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Detailed explanation-1: -ANS: A Business intelligence (BI) includes a wide range of applications, practices, and technologies for the extraction, transformation, integration, analysis, interpretation, and presentation of data to support improved decision making.
Detailed explanation-2: -"INFORMS defines analytics as the scientific process of transforming data into insight for making better decisions.
Detailed explanation-3: -Predictive analytics uses statistics and modeling techniques to determine future performance. Industries and disciplines, such as insurance and marketing, use predictive techniques to make important decisions.
Detailed explanation-4: -The OLAP Cube consists of numeric facts called measures which are categorized by dimensions. OLAP Cube is also called the hypercube.