BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
False
|
|
True
|
Detailed explanation-1: -Data analytics helps individuals and organizations make sense of data. Data analysts typically analyze raw data for insights and trends. They use various tools and techniques to help organizations make decisions and succeed.
Detailed explanation-2: -Explanation: Data Analysis is a process of inspecting, cleaning, transforming and modeling data with the goal of discovering useful information, suggesting conclusions and supporting decision-making.
Detailed explanation-3: -Data Analysis is the process of systematically applying statistical and/or logical techniques to describe and illustrate, condense and recap, and evaluate data.
Detailed explanation-4: -There are four types of analytics, Descriptive, Diagnostic, Predictive, and Prescriptive. The chart below outlines the levels of these four categories. It compares the amount of value-added to an organization versus the complexity it takes to implement.