Business Performance Management Data Analytics and Business Intelligence 2

Question 1

Predictive analytics in business performance management is primarily used to:

Accepted Answer

Forecast future outcomes based on historical data and statistical models

Answer

Document historical performance records

Answer

Visualize current performance in real time

Answer

Automate routine data entry tasks

Question 2

What is the role of a 'drill-down' feature in a BI dashboard?

Accepted Answer

To navigate from summary-level data to more detailed underlying information

Answer

To delete unnecessary data from the database

Answer

To merge multiple data sources into a single view

Answer

To schedule automated report generation

Question 3

In data analytics, the purpose of data normalization is to:

Accepted Answer

Organize data to reduce redundancy and improve data integrity

Answer

Increase the overall volume of data stored

Answer

Convert qualitative data into quantitative metrics

Answer

Encrypt sensitive business data

Question 4

A company notices declining customer satisfaction scores. Which analytics approach best identifies the root cause?

Accepted Answer

Diagnostic analytics

Answer

Prescriptive analytics

Answer

Predictive analytics

Answer

Descriptive analytics

Question 5

What distinguishes structured data from unstructured data?

Accepted Answer

Structured data is organized in a predefined format with rows and columns

Answer

Structured data is always larger in volume

Answer

Structured data is always more valuable than unstructured data

Answer

Structured data can only be processed by specialized software

Question 6

Which type of analytics recommends optimal actions to achieve desired business outcomes?

Accepted Answer

Prescriptive analytics

Answer

Predictive analytics

Answer

Descriptive analytics

Answer

Diagnostic analytics

Question 7

Which metric is most commonly used to measure the effectiveness of a business intelligence implementation?

Accepted Answer

Return on investment (ROI) from improved decision-making

Answer

The number of data sources connected to the BI system

Answer

The total storage capacity of the data warehouse

Answer

The number of reports generated per month