Exam 8: Understanding Big Data and Its Impact on Business

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Distributed computing focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization.

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What determines values for an unknown continuous variable behavior or estimated future value?

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Association detection occurs when the user goes into an emotional state of over-analyzing (or overthinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome.

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Speech analytics is the process of analyzing recorded calls to gather information. It brings structure to customer interactions and exposes information buried in customer contact center interactions with an enterprise.

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What is regression?

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Volume includes the scale of data.

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What move beyond Excel graphs and charts into sophisticated analysis techniques such as pie charts, controls, instruments, maps, time-series graphs, and more?

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What is the application of big data analytics to smaller data sets in near-real or real-time in order to solve a problem or create business value?

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In terms of big data, what is volume?

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What is distributed computing?

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What is fast data?

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Affinity grouping analysis reveals the relationship between variables along with the nature and frequency of the relationship.

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Prediction is a statement about what will happen or might happen in the future such as future sales or employee turnover.

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Optimization is a statistical process for estimating the relationships among variables.

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Infographics (information graphics) display information graphically so it can be easily understood.

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What can help uncover correlations and trends in data that would otherwise go unrecognized?

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What are the two main objectives associated with data mining?

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Which of the following forms of data mining assigns records to one of a predefined set of classes?

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Which of the following use a variety of techniques to find patterns and relationships in large volumes of information that predict future behavior and guide decision making?

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What displays information graphically so it can be easily understood?

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