Exam 11: Business Intelligence and Decision Support

__________ techniques are well-suited to analyze financial time series data to find patterns,detect anomalies and outliers,recognize situations of chance and risk,and predict future demand,prices,and rates.

Managers can better meet demands from customers,shareholders,and policymakers for environmentally-friendly business practices by using BI dashboards.

Today,BI ranks near the top of many companies' IT purchase plans.What is the underlying reason for this interest in BI?

Planning a BI implementation is a complex project and includes typical project management steps.Therefore,the first step in the BI planning process is to _____.

__________ refers to a collection of ISs and technologies that support managerial decision making or operational control by providing information on internal and external operations.

The speed with which Apple's iPhone and iTouch have sold is an indicator that MI (mobile intelligence)apps will be in high demand.

Planning new services to be offered,hiring an executive,predicting markets,or choosing a set of research and development projects for next year are examples of __________ decisions.

Customer satisfaction,profitability,and sales per employee are examples of CSFs.

In the __________ era,businesses that don't yet exist may evolve into industry leaders as did Facebook,YouTube,and Twitter.

From an IT perspective,which of the following best describes BI and BI apps?

Integrating data for BI apps is complex because when data is extracted from multiple sources,the data are not in usable format.

Given that approximately 20 percent of all collected/stored information is in text or nonnumeric format,text mining and Web mining are major growth areas.

A properly designed __________ is an interactive application to help decision makers compile data and then analyze the data using business models.