Quiz for:
Foundational Concepts of Business Analytics

Question 1

What is the primary goal of business analytics?

Question 2

What type of regression is used for modeling dichotomous outcomes?

Question 3

In the DIKW Pyramid, what distinguishes information from data?

Question 4

What role does a business analyst play when providing prescriptive recommendations?

Question 5

Which key soft skill is vital for a successful business analyst, as important as technical skills?

Question 6

What does the term 'entropy' refer to in the context of data analysis?

Question 7

What is considered the first step in the analytical process?

Question 8

In the context of statistical analysis, what does kurtosis measure?

Question 9

What is a key advantage of using macros in business analytics?

Question 10

During what historical period did analytics begin to be used for credit risk modeling?

Question 11

Which company's early use of analytics involved real-time credit card fraud detection in 1992?

Question 12

What role does a business analyst play when interpreting past data patterns?

Question 13

Which aggregation technique is used to combine data tables vertically?

Question 14

Which of the following is NOT a synonymous term for Business Analytics?

Question 15

Which tool is GUI-based and used for creating data visualizations?