Which of the following is not true regarding the linear programming formulation of a transportation problem. The number of constraints is number of origins x number of destinations.
A definition of business analytics.
Which of the following characteristics about business analytics is not true. Data driven companies treat their data as a corporate asset and actively look for ways to turn it into a competitive advantage. Business analytics is the study of data through statistical and operations analysis the formation of predictive models application of optimization techniques and the communication of these results to customers business partners and college executives business analytics requires quantitative methods and evidence based data for business modeling. After working through the worksheet and taking the quiz you ll get to check your knowledge of business analytics.
Which of the following is not true about business analytics. Machine learning refers to algorithms that learn directly from data especially local patterns often in layered or iterative fashion. There are multiple definitions available but as our focus is on simplified analytics i feel the one below will help you understand better.
Let us start with definition of analytics. Business analytics methods that go beyond counts descriptive techniques and reporting and methods based on business rules. A typical transshipment problem with 10 origins 20 destinations and 4 transshipment nodes will have constraints and decision.
Start studying business analytics i. Business analytics ba is the iterative methodical exploration of an organization s data with an emphasis on statistical analysis business analytics is used by companies that are committed to making data driven decisions. Which of the following is true of prescriptive analytics.
Prescriptive analytics recommend one or more courses of action and show the likely outcome of each decision. Six sigma performance measurement system has all of the following characteristics. You will be quizzed on how these analytics are used.
B prescriptive analytics recommend one or more courses of action and show the likely outcome of each decision. With key performance indicators driver kpis have a significant effect on outcome kpis but the reverse is not necessarily true. This information system uses data visualization technologies to analyze and display data in the form of digital maps for planning and decision making purposes.
A it enables you to use complex mathematics to replace the need for organizational decision making and problem solving. C the statistical procedures involved in prescriptive analytics include linear and multiple regression. About this quiz worksheet.
Learn vocabulary terms and more with flashcards games and other study tools. Business analytics is the use of statistical tools technologies to. Which of the following is true of prescriptive analytics.
A prescriptive analytics do not require any prior analytics or analysis. Asked mar 30 2017 in business by illedehomme.
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