Module 1 - Fundamntal Analysis, Analytics and Machine Learning Types

Question 1

Types of Data Analysis

Answer 1

1. qualitative
2. quantitative
3. data mining

Question 2

what is quantitative DA?

Answer 2

focus on quantifying the patterns and correlations found in the data

Question 3

Are quantitative analysis results absolutes?

Answer 3

yes

Question 4

Quantitative is based on ?

Answer 4

statistics

Question 5

Whats the difference between analysis and analytics?

Answer 5

analytics use automated tools for DA.

Question 6

What are the types of analytics?

Answer 6

1. descriptive
2. diagnostic
3. predictive
4. prescriptive

Question 7

What increases when moving from descriptive towar prescriptive?

Answer 7

value and complexity

Question 8

Descriptive analytics is carried out …

Answer 8

answer questions about events that have already occurred

Question 9

what is the monthly commission earned by each sales agent? is a question type?

Answer 9

descriptive

Question 10

what diagnostic analytics looks for?

Answer 10

find causes

Question 11

“Why Q2 sales are higher that Q1?” is a type of question….

Answer 11

diagnostic analytics

Question 12

Predictive analytics are carried out to attempt…

Answer 12

to determine the outcome of an event that might occur in the future

Question 13

“what are the chances that a customer will default?” is a type of question…

Answer 13

predictive analytics

Question 14

What predictive analytcs use to predict?

Answer 14

patterns, trend and exceptions found in historical and current data

Question 15

what prescriptive analytics does?

Answer 15

it prescribes actions that should be taken

Question 16

“with a choice of three drugs, which one privdes the best results?” is a type of question…

Answer 16

prescriptive analytics