Exam 1: Introduction

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A _______________ decision involves higher-level issues and is concerned with the overall direction of the organization, defining the overarching goals and aspirations for the organization's future.

(Multiple Choice)

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Question 41

Optimization models can be used to

(Multiple Choice)

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Question 42

____________________ assigns values to outcomes based on the decision maker's attitude toward risk, loss, and other factors.

(Multiple Choice)

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Question 43

Predictive and prescriptive analytics can also be referred to as ___________________.

(Short Answer)

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Question 44

Picks and Axes Inc. is an Internet-based retail seller of hiking boots and mountaineering gear. The company decides to open retail stores across the major areas of the city to help complement its Internet-based strategy. This activity would be categorized as a(n)

(Multiple Choice)

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Question 45

_______________ analytics are techniques that use models, constructed from past data, to predict the future or to ascertain the impact of one variable on another.

(Multiple Choice)

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Question 46

A dashboard is a collection of tables, charts, and maps to help management ____________ selected aspects of the company's performance.

(Short Answer)

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Question 47

A light bulb manufacturer uses descriptive analytics

(Multiple Choice)

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Question 48

In the spectrum of business analytics, which is the most complex?

(Multiple Choice)

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Question 49

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A _______________ decision involves higher-level issues and is concerned with the overall direction of the organization, defining the overarching goals and aspirations for the organization's future.

Optimization models can be used to

____________________ assigns values to outcomes based on the decision maker's attitude toward risk, loss, and other factors.

Predictive and prescriptive analytics can also be referred to as ___________________.

Picks and Axes Inc. is an Internet-based retail seller of hiking boots and mountaineering gear. The company decides to open retail stores across the major areas of the city to help complement its Internet-based strategy. This activity would be categorized as a(n)

_______________ analytics are techniques that use models, constructed from past data, to predict the future or to ascertain the impact of one variable on another.

A dashboard is a collection of tables, charts, and maps to help management ____________ selected aspects of the company's performance.

A light bulb manufacturer uses descriptive analytics

In the spectrum of business analytics, which is the most complex?

Descriptive Statistics

Data Visualization

Descriptive Data Mining

Probability: an Introduction to Modeling Uncertainty

Statistical Inference

Linear Regression

Time Series Analysis and Forecasting

Predictive Data Mining

Spreadsheet Models

Linear Optimization Models

Integer Linear Optimization Models

Nonlinear Optimization Models

Monte Carlo Simulation

Decision Analysis

Filters

Exam 1: Introduction

A _______________ decision involves higher-level issues and is concerned with the overall direction of the organization, defining the overarching goals and aspirations for the organization's future.

Optimization models can be used to

____________________ assigns values to outcomes based on the decision maker's attitude toward risk, loss, and other factors.

Predictive and prescriptive analytics can also be referred to as ___________________.​

Picks and Axes Inc. is an Internet-based retail seller of hiking boots and mountaineering gear. The company decides to open retail stores across the major areas of the city to help complement its Internet-based strategy. This activity would be categorized as a(n)

​_______________ analytics are techniques that use models, constructed from past data, to predict the future or to ascertain the impact of one variable on another.

A dashboard is a collection of tables, charts, and maps to help management ____________ selected aspects of the company's performance.

A light bulb manufacturer uses descriptive analytics

In the spectrum of business analytics, which is the most complex?

Descriptive Statistics

Data Visualization

Descriptive Data Mining

Probability: an Introduction to Modeling Uncertainty

Statistical Inference

Linear Regression

Time Series Analysis and Forecasting

Predictive Data Mining

Spreadsheet Models

Linear Optimization Models

Integer Linear Optimization Models

Nonlinear Optimization Models

Monte Carlo Simulation

Decision Analysis

Filters

Predictive and prescriptive analytics can also be referred to as ___________________.

_______________ analytics are techniques that use models, constructed from past data, to predict the future or to ascertain the impact of one variable on another.