Exam 1: Introduction

Information on the number of shipments, how much was included in each shipment, the date each shipment was sent, and so on extracted from the manufacturing plant's database refers to ______.

The disadvantage of online experimentation is:

A retail store owner offers a discount on product A and predicts that, the customers would purchase products B and C in addition to product A. Identify the technique used to make such a prediction.

______ encompasses reports, data dashboards, and descriptive statistics to describe the past data.

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)

A children's apparel manufacturer used descriptive analytics:

Which of the following examples best describes big data?

In order to manage an organization's human resource activities such as employee hiring, tracking and influencing employee retention, the HR personnel use ______.

Advanced analytics in a few instances refers to:

A better understanding of consumer behavior through analytics leads to a(n):

All the three descriptive, predictive, and prescriptive analytics are used in:

When a decision maker is faced with several decision alternatives and an uncertain set of future events. He/She uses ______ to develop an optimal strategy.

Franchises across several major sports dynamically adjust ticket prices throughout the season to reflect the relative attractiveness and potential demand for each game by using:

In a financial sector, we use ______ to construct financial instruments such as derivatives.

Which of the following analytical techniques helps us arrive at the best decision?

GE Asset Management uses optimization models to:

______ is used in the pharmaceutical industry to assess the risk of introducing a new drug.

Which of the following techniques is used in predictive analytics?

The decisions concerning an organization's goals and future plans are called

Corporate-level managers use ______ to summarize sales by region, current inventory levels, and other company-wide metrics all in a single screen.