Course 2: Module 2

Question 1

Data-inspired decision-making

Answer 1

Explores different data sources to find out what they have in common

Question 2

Algorithm

Answer 2

A process or a set of rules to be followed for a specific task

Question 3

Report

Answer 3

Static collection of data given to stakeholders periodically

Question 4

Dashboard

Answer 4

Monitors live, incoming data

Question 5

Pros of Reports

Answer 5

High-level historical data
Easy to design
Pre-cleaned and sorted data

Question 6

Cons of Reports

Answer 6

Continual maintenance
Less visually appealing
Static

Question 7

Pros of dashboards

Answer 7

Dynamic, automatic, and interactive
More stakeholder acess
Low maintenance

Question 8

Cons of dashboards

Answer 8

Labor-intensive design
Can be confusing
Potentially uncleaned data

Question 9

Pivot table

Answer 9

A data summarization tool that is used in data processing. Pivot tables are used to summarize, sort, reorganize, group, count, total or average data stored in a database

Question 10

______ can be used to help calculate customer retention rates, or a company’s ability to keep its customers over time

Answer 10

Metrics

Question 11

Metric

Answer 11

Single, quantifiable type of data that can be used for measurement

Question 12

Metic Goal

Answer 12

A measurable goal set by a company and evaluated using metrics

Question 13

Small data

Answer 13

Specific
Short time-period

Question 14

Big data

Answer 14

Large and less-specific
Long time period
Big decisions