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BAN--5023-1R1-FA-2026 - Data Driven Decision-Making

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How is a hypothesis involved in exploratory analytics?

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How does explanatory analytics differ from exploratory analytics?

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The sales conversion rate for your online retail company dropped dramatically in September. Where should you hunt until you find something that appears to be the root cause?

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Hakim is interested in determining the buying patterns for his company's organic food products by age group. Which EDA technique will he use as his starting point?

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Why would a business use analytics?

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A salesperson approaches you with customized descriptive analytics software to replace the prepackaged software your small company is currently using. What should you consider in making a decision?

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You observe a rapid increase in sales over the last six months across all customer demographics. What would be your starting point in determining the reason for the increase?

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When you are performing descriptive analytics, what is important to keep in mind about key metrics?

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Which scenario is an example of aggregation in descriptive analytics?

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As Iris presents her findings, a manager asks a question prompted by a fact in the data that is unrelated to the presentation. What should Iris do?

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