Question 1

In real-world business analytics,filtering is typically performed on large data based on complex conditional relationships.

Accepted Answer

A) True 
 B)False  True

Question 2

Which of the following is NOT among the three broad categories of analytic methods?

Accepted Answer

A) Predictive analytics 
B) Prescriptive analytics 
C) Productive analytics 
D) Descriptive analytics 
A) Predictive analytics 
B) Prescriptive analytics 
C) Productive analytics 
D) Descriptive analytics C

Question 3

SCENARIO 17-1
The table below contains the sparklines for the rates of return (in percentage)for three different stocks from 2007 to 2013.
 
-Referring to Scenario 17-1,the sparklines enable you to draw conclusions on the historical trend of the rates of return of the three stocks.

Accepted Answer

A) True 
 B)False  True

Question 4

Ward's minimum variance can be used to measure the distance between clusters in cluster analysis.

Accepted Answer

A) True 
 B)False

Question 5

The prescriptive analytics technique in which the decision maker sets constraints that reflect resource limitations to determine how the process works most effectively is called simulation.

Accepted Answer

A) True 
 B)False

Question 6

In multidimensional scaling,the general rule is to increase the number of dimensions as long as the stress statistic decreases substantially.

Accepted Answer

A) True 
 B)False

Question 7

SCENARIO 17-1
The table below contains the sparklines for the rates of return (in percentage)for three different stocks from 2007 to 2013.
 
-Referring to Scenario 17-1,the sparklines enable you to predict that the rates of return of the stock market in 2014 will be about the same as in 2013.

Accepted Answer

A) True 
 B)False

Question 8

SCENARIO 17-7
The output below shows the results of cluster analysis on the different regions of the world (North America,Asia Pacific,Western Europe,Central & Eastern Europe,Latin America,and Middle East & Africa)based on the amounts (in billions of US dollars)and the percentage changes from prior year of business-to-consumer ecommerce sales last year.
  
-Referring to Scenario 17-7,at the two cluster level,Asia Pacific alone makes up one of the two clusters.

Accepted Answer

A) True 
 B)False

Question 9

Most information design specialists prefer bullet graphs over gauges because bullet graphs foster the direct comparison of each measurement.

Accepted Answer

A) True 
 B)False

Question 10

Neural networks do not make any a priori assumption about the distribution of the data and,hence,are nonparametric methods.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following disciplines is typically NOT involved in business analytics?

Accepted Answer

A) Economics 
B) Statistics 
C) Information system 
D) Management science 
A) Economics 
B) Statistics 
C) Information system 
D) Management science

Question 12

Successful implementation of a regression tree requires rules for deciding when a branch of the tree cannot be split any more.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following is NOT among the predictive analytics methods covered in the book?

Accepted Answer

A) Neural networks 
B) Simple component analysis 
C) Cluster analysis 
D) Multidimensional scaling 
A) Neural networks 
B) Simple component analysis 
C) Cluster analysis 
D) Multidimensional scaling

Question 14

SCENARIO 17-7
The output below shows the results of cluster analysis on the different regions of the world (North America,Asia Pacific,Western Europe,Central & Eastern Europe,Latin America,and Middle East & Africa)based on the amounts (in billions of US dollars)and the percentage changes from prior year of business-to-consumer ecommerce sales last year.
  
-Referring to Scenario 17-7,what are the first group of countries that cluster together?

Accepted Answer

Central &

Question 15

SCENARIO 17-7
The output below shows the results of cluster analysis on the different regions of the world (North America,Asia Pacific,Western Europe,Central & Eastern Europe,Latin America,and Middle East & Africa)based on the amounts (in billions of US dollars)and the percentage changes from prior year of business-to-consumer ecommerce sales last year.
  
-Referring to Scenario 17-7,the "complete" method is used to measure the distance between clusters.

Accepted Answer

A) True 
 B)False

Question 16

SCENARIO 17-2
The treemap below shows the amounts (size)measured in billions of US dollars and percentage changes from prior year (color)of business-to-consumer ecommerce sales last year for North America,Asia Pacific,Western Europe,Central & Eastern Europe,Latin America,and Middle East & Africa.
  
-Referring to Scenario 17-2,which region has the smallest amount of business-to-consumer ecommerce sales last year?

Accepted Answer

Middle Eas

Question 17

Which of the following finds relationships in data that may not be readily apparent?

Accepted Answer

A) Predictive analytics 
B) Prescriptive analytics 
C) Productive analytics 
D) Descriptive analytics 
A) Predictive analytics 
B) Prescriptive analytics 
C) Productive analytics 
D) Descriptive analytics

Question 18

Which of the following is NOT among the predictive analytics methods covered in the book?

Accepted Answer

A) Principle component analysis 
B) Neural networks 
C) Cluster analysis 
D) Multidimensional scaling 
A) Principle component analysis 
B) Neural networks 
C) Cluster analysis 
D) Multidimensional scaling

Question 19

SCENARIO 17-7
The output below shows the results of cluster analysis on the different regions of the world (North America,Asia Pacific,Western Europe,Central & Eastern Europe,Latin America,and Middle East & Africa)based on the amounts (in billions of US dollars)and the percentage changes from prior year of business-to-consumer ecommerce sales last year.
  
-Referring to Scenario 17-7,the "complete" method is used to measure the distance between objects within a cluster.

Accepted Answer

A) True 
 B)False

Question 20

SCENARIO 17-1
The table below contains the sparklines for the rates of return (in percentage)for three different stocks from 2007 to 2013.
 
-Referring to Scenario 17-1,the sparklines enable you to predict that the rates of return of the stock market in 2014 will be higher than in 2013.

Accepted Answer

A) True 
 B)False

In real-world business analytics,filtering is typically performed on large data based on complex conditional relationships.

Which of the following is NOT among the three broad categories of analytic methods?

SCENARIO 17-1 The table below contains the sparklines for the rates of return (in percentage)for three different stocks from 2007 to 2013. -Referring to Scenario 17-1,the sparklines enable you to draw conclusions on the historical trend of the rates of return of the three stocks.

Ward's minimum variance can be used to measure the distance between clusters in cluster analysis.

The prescriptive analytics technique in which the decision maker sets constraints that reflect resource limitations to determine how the process works most effectively is called simulation.

In multidimensional scaling,the general rule is to increase the number of dimensions as long as the stress statistic decreases substantially.

SCENARIO 17-1 The table below contains the sparklines for the rates of return (in percentage)for three different stocks from 2007 to 2013. -Referring to Scenario 17-1,the sparklines enable you to predict that the rates of return of the stock market in 2014 will be about the same as in 2013.

Most information design specialists prefer bullet graphs over gauges because bullet graphs foster the direct comparison of each measurement.

Neural networks do not make any a priori assumption about the distribution of the data and,hence,are nonparametric methods.

Which of the following disciplines is typically NOT involved in business analytics?

Successful implementation of a regression tree requires rules for deciding when a branch of the tree cannot be split any more.

Which of the following is NOT among the predictive analytics methods covered in the book?

Which of the following finds relationships in data that may not be readily apparent?

Which of the following is NOT among the predictive analytics methods covered in the book?

SCENARIO 17-1 The table below contains the sparklines for the rates of return (in percentage)for three different stocks from 2007 to 2013. -Referring to Scenario 17-1,the sparklines enable you to predict that the rates of return of the stock market in 2014 will be higher than in 2013.

Defining and Collecting Data

Organizing and Visualizing Variables

Numerical Descriptive Measures

Basic Probability

Discrete Probability Distributions

The Normal Distribution and Other Continuous Distributions

Sampling Distributions

Confidence Interval Estimation

Fundamentals of Hypothesis Testing: One-Sample Tests

Two-Sample Tests

Analysis of Variance

Chi-Square and Nonparametric Tests

Simple Linear Regression

Introduction to Multiple Regression

Multiple Regression Model Building

Time-Series Forecasting

A Roadmap for Analyzing Data

Statistical Applications in Quality Management

Decision Making

Getting Started: Important Things to Learn First

Binomial Distribution and Normal Approximation

Filters

Exam 17: Business Analytics

In real-world business analytics,filtering is typically performed on large data based on complex conditional relationships.

Which of the following is NOT among the three broad categories of analytic methods?

SCENARIO 17-1 The table below contains the sparklines for the rates of return (in percentage)for three different stocks from 2007 to 2013. -Referring to Scenario 17-1,the sparklines enable you to draw conclusions on the historical trend of the rates of return of the three stocks.

Ward's minimum variance can be used to measure the distance between clusters in cluster analysis.

The prescriptive analytics technique in which the decision maker sets constraints that reflect resource limitations to determine how the process works most effectively is called simulation.

In multidimensional scaling,the general rule is to increase the number of dimensions as long as the stress statistic decreases substantially.

SCENARIO 17-1 The table below contains the sparklines for the rates of return (in percentage)for three different stocks from 2007 to 2013. -Referring to Scenario 17-1,the sparklines enable you to predict that the rates of return of the stock market in 2014 will be about the same as in 2013.

Most information design specialists prefer bullet graphs over gauges because bullet graphs foster the direct comparison of each measurement.

Neural networks do not make any a priori assumption about the distribution of the data and,hence,are nonparametric methods.

Which of the following disciplines is typically NOT involved in business analytics?

Successful implementation of a regression tree requires rules for deciding when a branch of the tree cannot be split any more.

Which of the following is NOT among the predictive analytics methods covered in the book?

Which of the following finds relationships in data that may not be readily apparent?

Which of the following is NOT among the predictive analytics methods covered in the book?

SCENARIO 17-1 The table below contains the sparklines for the rates of return (in percentage)for three different stocks from 2007 to 2013. -Referring to Scenario 17-1,the sparklines enable you to predict that the rates of return of the stock market in 2014 will be higher than in 2013.

Defining and Collecting Data

Organizing and Visualizing Variables

Numerical Descriptive Measures

Basic Probability

Discrete Probability Distributions

The Normal Distribution and Other Continuous Distributions

Sampling Distributions

Confidence Interval Estimation

Fundamentals of Hypothesis Testing: One-Sample Tests

Two-Sample Tests

Analysis of Variance

Chi-Square and Nonparametric Tests

Simple Linear Regression

Introduction to Multiple Regression

Multiple Regression Model Building

Time-Series Forecasting

A Roadmap for Analyzing Data

Statistical Applications in Quality Management

Decision Making

Getting Started: Important Things to Learn First

Binomial Distribution and Normal Approximation

Filters