BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Once data is converted into a structured format, the next stage is to perform ____ At this stage underlying trends in the data are identified. This step can include fitting a linear or nonlinear regression model, performing principal component analysis or cluster analysis, identifying if data is normally distributed or not.
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Data Collection
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Data Preparation
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Data Analysis
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Model Building
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Explanation:
Detailed explanation-1: -Data quality management is a set of practices that aim at maintaining a high quality of information. It goes all the way from the acquisition of data and the implementation of advanced data processes, to an effective distribution of data. It also requires a managerial oversight of the information you have.
Detailed explanation-2: -This program is split into courses, six of which are based upon the steps of data analysis: ask, prepare, process, analyze, share, and act.
Detailed explanation-3: -The first stage in the business analytics process involves understanding what the business would like to improve on or the problem it wants solved.
There is 1 question to complete.