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BU6015 - Business Analytics

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Regression analysis can be used to help confidently identify __________.

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Prescriptive analytics helps identify the best decision based on constraints or changing __________.

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In vertical analysis, the relevant base for cost of sales is which of the following?

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Estimates suggest that approximately 80 percent of enterprise data is structured.

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Financial statements would generally be considered unstructured data.

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The gaps in a histogram represent the absence of data in a particular bin.
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Based on this chart in Lab 1.2 Power BI, Assessing Customer Profitability, which of the following customers are the most profitable?

The entries are shown as follows: 2047, 357.70. 2088, 212.23. 2072, 139.01. 2081, 137.78. 2100, 135.47. 2060, 118.74. 2064, 115.33. 2087, 114.85. 2046, 114.29. 2086, 107.41. 2024, 104.78. 2063, 96.45. 2031, 81.81. 2018, 76.79. 2051, 69.83. 2032, 66.62. 2025, 64.64. 2079, 64.00. 2099, 58.56. 2044, 56.39. 2041, 47.22. 2067, 44.94. 2048, 41.12. 2074, 38.18. 2068, 36.62. 2001, 34.89. 2066, 34.12. 2091, 30.11. 2006, 29.77.

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

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What type of test evaluates whether the linear regression model provides a better fit of the data than a model that contains no independent variables?

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Predictive and prescriptive analytics provide less deterministic output and more probabilistic models (judging the likelihood (probability) of a future event or outcome occurring) as compared to descriptive and diagnostic analytics.

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