Analytics vocab test 2

Question 1

Simple choice among alternatives

Answer 1

Decision

Question 2

Routine and repetitive, has a procedure for dealing with it

Answer 2

Structured

Question 3

Partially programmable but requires judgement

Answer 3

Semi Structured

Question 4

novel and with no procedure (require evaluation, judgement, and insight)

Answer 4

Unstructured

Question 5

Ensures that day to day tasks are being conducted efficiently and effectively

Answer 5

Operational control

Question 6

Ensures the efficient, effective use of resources in achieving the goals laid out in strategic planning

Answer 6

Managerial control

Question 7

Higher level issues concerned with the overall direction of the organization

Answer 7

Strategic planning

Question 8

Sensing conditions and predicting what conditions will require action

Answer 8

Intelligence

Question 9

Developing alternative approaches to bringing about the required change or achieving the required goals

Answer 9

Design

Question 10

Selecting the most effective and efficient alternative

Answer 10

Choice

Question 11

The selected alternative is carried out

Answer 11

Implementation

Question 12

Encompasses the set of techniques that describes what has happened in the past

Answer 12

Descriptive Analytics

Question 13

Using past data to make a prediction for the future (Regression)

Answer 13

Predictive analytics

Question 14

Collections of tables, charts, maps, and summary statistics that are updated as new data become available

Answer 14

Data Dashboards

Question 15

Must have; minimum

Answer 15

Requirements

Question 16

Beyond minimum essential requirements

Answer 16

Goals

Question 17

determine how well each alternative meets the requirements and goals

Answer 17

Decision Criteria

Question 18

List advantages and disadvantages

Answer 18

Pros and Cons