31. In business analytics, what is the primary goal of "market basket analysis"? A. Analyzing customer purchase patterns B. Calculating data storage costs C. Identifying trends in employee data D. Optimizing data visualization Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
32. What is the main purpose of "data-driven decision-making" in business analytics? A. Relying solely on intuition B. Using data to inform choices C. Avoiding data analysis D. Reducing data storage requirements Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
33. In data science for business, what is the primary focus of "regression analysis"? A. Identifying data outliers B. Predicting numerical outcomes C. Organizing data into categories D. Calculating data storage costs Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
34. What is the primary goal of "customer lifetime value (CLV) analysis" in business analytics? A. Estimating the total revenue from a customer B. Calculating data storage costs C. Predicting the next purchase D. Segmenting customers by location Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
35. In business analytics, what is the primary objective of "data preprocessing"? A. Making data analysis more complex B. Preparing data for analysis C. Reducing data storage costs D. Increasing data collection Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
36. What is the main purpose of "data classification" in business analytics? A. To increase data accessibility B. To protect sensitive information C. To improve data quality D. To organize data into categories Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option D No explanation is given for this question Let's Discuss on Board
37. In data science for business, what is the term for using historical data to make predictions about future data points? A. Descriptive Analytics B. Predictive Analytics C. Prescriptive Analytics D. Diagnostic Analytics Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option B No explanation is given for this question Let's Discuss on Board
38. What is the primary goal of "forecasting" in business analytics? A. Estimating future trends B. Analyzing past performance C. Identifying outliers in data D. Calculating data storage costs Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
39. In business analytics, what is the primary purpose of "data cleaning"? A. Removing outliers and errors from data B. Increasing data complexity C. Calculating data storage costs D. Hiding sensitive information Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
40. What does the acronym "BI" stand for in the context of business analytics? A. Business Intelligence B. Big Insights C. Better Integration D. Behavioral Improvement Answer & Solution Discuss in Board Save for Later Answer & Solution Answer: Option A No explanation is given for this question Let's Discuss on Board
