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Quiz 1
Started: Mar 20 at 9:34pm
Quiz Instructions
2 pts
Question 1
A Zero risk bias
An endowment effect bias
Framing effect bias
A clustering illusion
Gamblers' fallacy is ______________
2 pts
Question 2
Data warehouse
Operational dashboard
Social media database
Public database
In an ETL process, data is loaded into a final target database such as:
2 pts
Question 3
When you keep eating the food you don't like precisely because you already bought
the food, you are committing _______________
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Availability heuristics bias
Sunk-cost fallacy
Endowment effect bias
Zero risk bias
2 ptsQuestion 4
Explanatory analytics
Forecast analytics
Prescriptive analytics
Descriptive analytics
Predictive analytics may be applied to_______________, which is a set of techniques
that use descriptive data and forecasts to identify the decisions most likely to result in
the best performance.
2 ptsQuestion 5
Analytical thinking is not based on facts
Heuristic thinking is slow
Experimentation is a way of analytical thinking
Using intuition is a way of analytical thinking
Which of the following statements is true?
2 ptsQuestion 6
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Critical, analytical, predictive and explanatory
Descriptive, explanatory, predictive and prescriptive
Descriptive, analytical, predictive and prescriptive
Descriptive, logical, predictive and prescriptive
What are the four types of data analytical method?
2 ptsQuestion 7
Descriptive analytics
Predictive analytics
Prescriptive analytics
Diagnostic analytics
Which of the following data analytics model use optimization techniques?
2 ptsQuestion 8
Data collected through censuses
Firm's proprietary data
Interviews data
Internet searchers
Which of the following is an example of primary data?
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2 ptsQuestion 9
Clustering illusion
Anchoring bias
Bandwagon effect
Endowment effect
________ refers to a bias that causes an individual to value an owned object higher
than its market value.
2 ptsQuestion 10
Score and deploy
Evaluate and Improve
Model data
Perform business discovery
In an agile approach of analytics, what is the last step of the process?
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