BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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data, information technology, statistical analysis
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data, database, and information
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quantitative method, computer-based model
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Detailed explanation-1: -Analytics is the use of data, information technology, statistical analysis, quantitative methods, and mathematical or computer-based models to help managers gain improved insight about their business operations and make better, fact-based decisions.
Detailed explanation-2: -Quantitative analysis (QA) is a technique that uses mathematical and statistical modeling, measurement, and research to understand behavior. Quantitative analysts represent a given reality in terms of a numerical value.
Detailed explanation-3: -Cross-tabulation: Cross-tabulation is the most widely used quantitative data analysis methods. It is a preferred method since it uses a basic tabular form to draw inferences between different data-sets in the research study.
Detailed explanation-4: -Analytics is a field of computer science that uses math, statistics, and machine learning to find meaningful patterns in data. Analytics – or data analytics – involves sifting through massive data sets to discover, interpret, and share new insights and knowledge.
Detailed explanation-5: -Business analytics is the process of analyzing data using statistical and quantitative methods to make decisions that drive better business outcomes.