Business Analytics CA 1
Business Analytics CA 1
Business Analytics CA 1
OA. Database.
C. Weather Data.
What is the term for the collection of fields and methodologies utilized to
address business challenges through the examination of data, application
of statistical models, and implementation of various quantitative
techniques? OA. Business Analysis OB. Data Modelling OC. Data
Visualization OD. Data Mining
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The term for the collection of fields and methodologies utilized to address
business challenges through the examination of data, application of
statistical models, and implementation of various quantitative techniques is:
D. Producing Insights.
A. Cost Reduction.
C. Power BI.
A. Sales Data.
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SEO stands for Search Engine Optimization, which refers to the practice of
optimizing websites to improve their visibility and ranking in search engine
results pages (SERPs). Therefore, option A is correct. The other options are
not correct abbreviations of SEO.
You
What is an example of economic indicator and financial data among the
following options? O A. Demographic information OB. inflation rates OC.
Weather Data OD. Market share analysis
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An example of an economic indicator and financial data among the
following options is:
Inflation rates are a key economic indicator that measures the rate at which
the general level of prices for goods and services is rising, indicating the
decrease in purchasing power of a currency. Inflation rates are important
for assessing the health of an economy and making financial decisions.
Therefore, option B is correct. Demographic information, weather data, and
market share analysis are not examples of economic indicators or financial
data.
You
Which of the following options does not qualify as a data visualization tool?
O A. SQL OB. Tableau OC. Qlikview OD. Powerbi
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The option that does not qualify as a data visualization tool is:
O A. SQL.
You
Which among the following is not a key visual design principle in Data
Visualization? F A. Consistency OB. Simplification OC. Aggregation OD.
Typography
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Among the options provided, the one that is not typically considered a key
visual design principle in data visualization is:
OD. Typography.
O A. Competitive benchmarking.
OB. Consistency.
The stage of the Software Development Life Cycle (SDLC) that is exclusively
overseen by a Business Analyst is:
OB. Definition.
While Business Analysts may also contribute to other stages of the SDLC,
such as Design and UAT (User Acceptance Testing), these stages typically
involve broader participation from various project stakeholders, including
developers, testers, and end-users. Roll Out/Maintenance involves ongoing
support and maintenance activities post-deployment, which may involve
input from multiple team members beyond just the Business Analyst.
You
Under which category of data does market share fall? A. Internal Data B.
External Data C. Automated Data D. Primary Data
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Market share typically falls under the category of:
B. External Data.
OA. Analytics.
OC. Volume.
Accuracy (A), completeness (B), and validity (D) are all key aspects of data
quality that are essential for ensuring that data is reliable, relevant, and fit
for its intended purpose.
You
What term is used to describe data gathered from internal reports and
records that reside within the organization? A. Internal Data OB. External
Data OC. Automated Data OD. Secondary Data
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The term used to describe data gathered from internal reports and records
that reside within the organization is:
A. Internal Data.
A. Customer Segmentation.
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While Data Visualization can facilitate better analysis, help identify patterns,
and assist in finding errors by presenting data in a visual format that is
easier to interpret and understand, it does not directly enable automated
decision making. Data visualization tools may aid decision-making
processes by providing insights and supporting data-driven decisions, but
the actual decision-making process typically involves human judgment and
consideration of various factors beyond just the visualization of data.
Therefore, option D is correct.
You
Under which category of analytics does Inventory Optimization fall? A.
Supply Chain analytics B. Risk analytics C. Digital Analytics D. People
analytics
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Inventory optimization typically falls under the category of:
A. R.
O A. Python.
Python is widely recognized for its extensive libraries and frameworks that
support various aspects of data analytics, including data manipulation (e.g.,
Pandas), numerical computing (e.g., NumPy), machine learning (e.g., scikit-
learn), and visualization (e.g., Matplotlib, Seaborn). Therefore, option A is
correct.
Options B (Data Storage), C (Data Modeling), and D (Big Data) are not
primarily focused on conveying narratives or telling stories with data. Data
storage involves storing and managing data, data modeling involves
structuring and organizing data, and big data refers to large and complex
datasets that require specialized processing techniques. While these
aspects are important in the data lifecycle, they do not directly facilitate
storytelling with data as data visualization does.
You
- Which among the following is NOT a area of Business Analysis? A.
Strategic Planning B. System Analysis C. Process Design D. Testing
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The option that is NOT typically considered an area of Business Analysis is:
D. Testing.
A. Market Optimization.
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