Exam 5: Perform the Analysis: Types and Tools of Data Analyses

Predictive analytics would be more likely to use these tools in its analysis than other types of analytics?

Which type of analysis is generally associated with predictive analytics?

Diagnostic analytics would be more likely to use these tools in its analysis than other types of analytics?

What type of analytics would investigate performance different than was expected, such anomalies/outliers?

What type of analytics would predict if a company is expected to go bankrupt?

According to the normal distribution, __________% of the data would fit within 1 standard deviations of the mean.

If an accounts payable transaction has a z-score of 3, with a mean of $20,000 and a standard deviation of $5,000, what is the amount of the related party transaction?

A z-score tells us how many __________, a data point (or observation), x_i, is from its population mean, μ?

What is the second step in the AMPS model?

Descriptive analytics would be more likely to use these tools in its analysis than other types of analytics?

If we run a regression where y (bankruptcy) = f (factors potentially predicting bankruptcy), what is the independent variable?

Diagnostic Analytics emphasizes "What happened?".

A __________ is a subset of members selected to represent the __________.

What is the third step in the AMPS model?

Which type of analytics will forecast sales?

A(n) __________ hypothesis is a hypothesis used in hypothesis testing that is opposite of the null hypothesis, or a potential result that the analyst may expect.

Optimization is most closely associated with prescriptive analytics.

What type of analytics would primarily use analytics to separate, or classify, a sample into two or more groups or classes?