ExamVeda
Login
Home
11
Business Intelligence (BI) reporting analyses can be performed using ________ .
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
12
We have been given access to the company's operational data, and have been asked to produce a report. We discover that some of the data we need are in an SQL server database while other needed data are in a separate Oracle database. This is an example of ________ .
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
13
The reports generated by a reporting system are usually not delivered in which of the following media?
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
14
Data mining applications are used accomplish which of the following tasks?
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
15
Which of the following is an unsupervised data mining technique?
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
16
In OLAP, we are interested in ________ .
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
17
Which of the following is not a reason that operational data are difficult to read?
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
18
We have Market Basket data for 1,000 rental transactions at a Video Store. There are four videos for rent -- Video A, Video B, Video C and Video D. The probability that Video D will be rented given that Video C has been rented is known as ________ .
Discuss
Answer & Solution
Answer: Option D
No explanation is given for this question. Let's Discuss on Board
19
One popular classification technique in Business Intelligence (BI) reporting is ________ .
Discuss
Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
20
We have done an RFM analysis on our customer data. Mary Jones has a score of "1 1 5". This series means that Mary ________ .
Discuss
Answer & Solution
Answer: Option B
Solution:
RFM analysis is a marketing technique used to evaluate and categorize a customer’s behavior based on three factors:

R (Recency): How recently the customer has made a purchase.

F (Frequency): How often the customer makes a purchase.

M (Monetary): How much money the customer spends when they make a purchase.

Each factor is typically scored on a scale from 1 to 5, where:

1 indicates the lowest or worst performance, and 5 indicates the highest or best performance.

In Mary’s case, her RFM score is "1 1 5":

R = 1 → She hasn’t ordered recently.

F = 1 → She orders infrequently.

M = 5 → When she does order, she spends a large amount.

Therefore, Mary is classified as someone who hasn’t ordered recently, orders rarely, but places large orders when she does.