Big data analytics is used by most corporations today. O a. True O b. False
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- Contrast the planning approach when dealing with data certainty verses uncertaintyis an important element of any business model. Select one: = of O a. Value proposition O b. Competitive analysis O C. Financial forecastingDetermine the type of business analytics for the following scenarios. A. Imagine you are a meteorologist. You have to foretell the weather for the next two weeks by analysing the data from the satellites. Here, you have to apply advanced statistical, information software, or operations research methods to identify predictive variables and build predictive models. Discuss in detail which type of business analytics will be suitable for this scenario.
- Discuss the methods for obtaining data. Describe each method. no Ai Answer. No hand written solutionWhy do you think data quality is one of the most important aspects of data warehousing? Describe the benefits and indicators of excellent data. a2What are the differences between descriptive, predictive, and prescriptive analytics? Explain in detail with examples how each of these can be useful in the current business world.
- Need explanation in more detail with the example of dataWhich of the following are the four important components in the definition of business statistics as a discipline? Hint: There are four correct answers. a. calculators b. certainty c. data d. uncertainty e. qualitative skills f. informed decision g. computer software h. quantitative skillsBusiness analytics can be of three types: descriptive, predictive, and prescriptive. Describe each of those. Imagine you are a data analyst in FedRetail, an online retail shop. Your manager wants a forecast of the sell in the upcoming Christmas season. What kind of analysis you should do to find out your manager's query? Explain.
- So, what exactly is business data modeling, and how does it function?What are some emerging trends in data warehousing, such as cloud-based data warehousing and the integration of AI and machine learning for data analytics?The BIR need to assess a taxpayer for payment of taxes Group of answer choices True False