Exam 1: Business Analytics With Management Science

Big Data includes both structured and non-structured data sources. Which of the following is usually considered to be a structured data source?

Which of the following is a major field of study included in business analytics?

The examples of Target, LinkedIn, First Tennessee, and many other companies that have implemented data analytics initiatives indicate that:

Structured, in-house operational databases are not included in the Big Data domain.

Which of the following fields of business analytics can be used to report what has happened in the past?

The increase in the number of sources and data formats due to improved data capture technologies is an example of Big Data variety.

The increase in the rate at which data flow into an organization due to online sales, mobile computing, smartphones, and online social networks is an example of Big Data velocity.

Predictive analytics uses statistical modeling to draw conclusions and predict behavior based on the assumption that:

Data variety is defined as a mix of different data sources in different formats. Which of the following does not generate high data variety?

Assume that you are a regular customer of a grocery store. Which of the following best describes the descriptive analytics component used by the store to make you a more valuable customer?

Which of the following fields of business analytics uses past data to create models that predict the future?

The content of employee emails is an example of a non-structured data source.

Velocity is defined as the rate at which data flow into an organization. Which of the following can generate high data velocity?

Which of the following is considered to be a challenge that organizations face when analyzing Big Data?

Assume that you are a regular customer of a clothing store. Which of the following best describes the predictive analytics component used by the store to make you a more valuable customer?

Business analytics is defined as a set of tools and techniques used to retrieve, process, transform, and analyze data in order to generate business insights and make better decisions.

Which of the following describes the change in the nature of management science to accommodate the need to process high variety of data?

Big Data is usually characterized by three Vs: volume, velocity, and variety. Which of the following statements best describes the velocity of data?

Which of the following describes the change in the nature of management science to accommodate the need to process large volumes of data?

Big Data demands that data scientists and managers implement new techniques and, above all, a new way of thinking.