BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Business analytics is interdisciplinary involving the ffg EXCEPT
A
Mathematics
B
Statistics
C
Computers
D
Psychology
Explanation: 

Detailed explanation-1: -Business analytics as an interdisciplinary field of study includes methods, processes and software systems that extract insights from various forms of structured and unstructured organisational data to enable evidence-based decision making.

Detailed explanation-2: -The four most popular types of business analytics are descriptive, diagnostic, predictive, and prescriptive.

Detailed explanation-3: -There are three types of analytics that businesses use to drive their decision making; descriptive analytics, which tell us what has already happened; predictive analytics, which show us what could happen, and finally, prescriptive analytics, which inform us what should happen in the future.

Detailed explanation-4: -Business analytics focuses on data, statistical analysis and reporting to help investigate and analyze business performance, provide insights, and drive recommendations to improve performance.

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