Science of Analytics Quiz
Question 1
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.
Explanatory analytics
Prescriptive analytics
Forecast analytics
Descriptive analytics
Question 2
In an ETL process, data is loaded into a final target database such as:
Data warehouse
Public database
Social media database
Operational dashboard
Question 3
What are the four types of data analytical method?
Descriptive, explanatory, predictive and prescriptive
Descriptive, logical, predictive and prescriptive
Descriptive, analytical, predictive and prescriptive
Critical, analytical, predictive and explanatory
Question 4
Over-reliant on the first piece of information is called ____________
Clustering illusion
Anchoring bias
Bandwagon effect
Zero risk bias
Question 5
Which of the following statements is true?
Using intuition is a way of analytical thinking
Analytical thinking is not based on facts
Experimentation is a way of analytical thinking
Heuristic thinking is slow
Question 6
In an agile approach of analytics what is the first step of the process?
Perform data discovery
Score and deploy
Perform business discovery
Model data
Question 7
Which of the following is an example of secondary data?
Firm's proprietary data
Interviews data
Survey data
Simulated data
Question 8
Gamblers' fallacy is ____________.
a clustering illusion
an endowment effect bias
a zero risk bias
framing effect bias
Question 9
Which of the following data analytics model use optimization techniques?
Diagnostic analytics
Descriptive analytics
Prescriptive analytics
Predictive analytics
Question 10
When you keep eating the food you don't like precisely because you already bought the food, you are
committing _____________.
availability heuristics bias
sunk-cost fallacy
zero risk bias
endowment effect bias
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