Question 1

Regression is a statement about what will happen or might happen in the future,for example,predicting future sales or employee turnover.

Accepted Answer

Prediction is a statement about what will happen or might happen in the future,for example,predicting future sales or employee turnover.

Question 2

Prediction is a statistical process that finds the way to make a design,system,or decision as effective as possible,for example,finding the values of controllable variables that determine maximal productivity or minimal waste.

Accepted Answer

Optimization is a statistical process that finds the way to make a design,system,or decision as effective as possible,for example,finding the values of controllable variables that determine maximal productivity or minimal waste.

Question 3

Forecasts are predictions based on time-series information.

Accepted Answer

Forecasts are predictions based on time-series information.

Question 4

Infographics can present the results of large data analysis looking for patterns and relationships that monitor changes in variables over time.

Accepted Answer

Infographics can present the results of large data analysis looking for patterns and relationships that monitor changes in variables over time.

Question 5

Classification assigns records to one of a predefined set of classes.

Accepted Answer

Classification assigns records to one of a predefined set of classes.

Question 6

Clustering segments a heterogeneous population of more homogeneous subgroups.

Accepted Answer

Clustering segments a heterogeneous population of more homogeneous subgroups.

Question 7

Time-series information is time-stamped information collected at a particular frequency.

Accepted Answer

Time-series information is time-stamped information collected at a particular frequency.

Question 8

Optimization is a statistical process for estimating the relationships among variables.

Accepted Answer

Regression is a statistical process for estimating the relationships among variables.It includes many techniques for modeling and analyzing several variables when the focus is on the relationship between a dependent variable and one or more independent variables.

Question 9

Web mining analysis describes technologies that allow users to "see" or visualize data to transform information into a business perspective.

Accepted Answer

Data visualization describes technologies that allow users to "see" or visualize data to transform information into a business perspective.

Question 10

Regression is a statistical process for estimating the relationships among variables.It includes many techniques for modeling and analyzing several variables when the focus is on the relationship between a dependent variable and one or more independent variables.

Accepted Answer

Regression is a statistical process for estimating the relationships among variables.It includes many techniques for modeling and analyzing several variables when the focus is on the relationship between a dependent variable and one or more independent variables.

Question 11

Infographics (information graphics)displays information graphically so it can be easily understood.

Accepted Answer

Infographics (information graphics)displays information graphically so it can be easily understood.

Question 12

Regression is a prediction based on time-series information.

Accepted Answer

Forecasts are predictions based on time-series information.

Question 13

Affinity determines values for an unknown continuous variable behavior or estimated future value.

Accepted Answer

Estimation determines values for an unknown continuous variable behavior or estimated future value.

Question 14

Data-mining tools use a variety of techniques to find patterns and relationships in large volumes of information that predict future behavior and guide decision making.

Accepted Answer

This is the definition of data-mining tools.Data-mining tools use a variety of techniques to find patterns and relationships in large volumes of information that predict future behavior and guide decision making.

Question 15

Affinity grouping determine which things go together.

Accepted Answer

Affinity grouping determine which things go together.

Question 16

Clustering assigns records to one of a predefined set of classes.

Accepted Answer

Classification assigns records to one of a predefined set of classes.

Question 17

Classification segments a heterogeneous population of more homogeneous subgroups.

Accepted Answer

Clustering segments a heterogeneous population of more homogeneous subgroups.

Question 18

Estimation determines values for an unknown continuous variable behavior or estimated future value.

Accepted Answer

Estimation determines values for an unknown continuous variable behavior or estimated future value.

Question 19

Estimation determine which things go together.

Accepted Answer

Affinity grouping determine which things go together.

Question 20

Optimization is a statistical process that finds the way to make a design,system,or decision as effective as possible,for example,finding the values of controllable variables that determine maximal productivity or minimal waste.

Accepted Answer

Optimization is a statistical process that finds the way to make a design,system,or decision as effective as possible,for example,finding the values of controllable variables that determine maximal productivity or minimal waste.

Quiz 6: Data: Business Intelligence

Regression is a statement about what will happen or might happen in the future,for example,predicting future sales or employee turnover.

Prediction is a statistical process that finds the way to make a design,system,or decision as effective as possible,for example,finding the values of controllable variables that determine maximal productivity or minimal waste.

Forecasts are predictions based on time-series information.

Infographics can present the results of large data analysis looking for patterns and relationships that monitor changes in variables over time.

Classification assigns records to one of a predefined set of classes.

Clustering segments a heterogeneous population of more homogeneous subgroups.

Time-series information is time-stamped information collected at a particular frequency.

Optimization is a statistical process for estimating the relationships among variables.

Web mining analysis describes technologies that allow users to "see" or visualize data to transform information into a business perspective.

Regression is a statistical process for estimating the relationships among variables.It includes many techniques for modeling and analyzing several variables when the focus is on the relationship between a dependent variable and one or more independent variables.

Infographics (information graphics)displays information graphically so it can be easily understood.

Regression is a prediction based on time-series information.

Affinity determines values for an unknown continuous variable behavior or estimated future value.

Data-mining tools use a variety of techniques to find patterns and relationships in large volumes of information that predict future behavior and guide decision making.

Affinity grouping determine which things go together.

Clustering assigns records to one of a predefined set of classes.

Classification segments a heterogeneous population of more homogeneous subgroups.

Estimation determines values for an unknown continuous variable behavior or estimated future value.

Estimation determine which things go together.

Optimization is a statistical process that finds the way to make a design,system,or decision as effective as possible,for example,finding the values of controllable variables that determine maximal productivity or minimal waste.