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___________ are predictions made on the basis of time-series information.

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__________ analysis performs such functions as information correlations, distributions, calculations, and variance analysis.

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Which of the following represents market basket analysis?


A) Analyzes website information
B) Analyzes checkout scanner information
C) Detects customers' buying behavior
D) All of the above

E) A) and D)
F) A) and C)

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Which of the following is the result of BI that it is no longer required to have a PhD in statistics to get sophisticated analytics delivered to users' fingertips?


A) Reliable
B) Consistent
C) Understandable
D) Easily manipulated

E) B) and D)
F) C) and D)

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Data is a strategic asset for a business and if the asset is not used the business is wasting resources.

A) True
B) False

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Which type of BI benefits are the results of discoveries made by creative users?


A) Quantifiable benefits
B) Indirectly quantifiable benefits
C) Unpredictable benefits
D) Intangible benefits

E) B) and C)
F) A) and B)

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What types of BI decisions include predicting sales, determining correct inventory levels and distribution schedules among outlets, and loss prevention?


A) Retail and sales BI decisions
B) Banking BI decisions
C) Operations management BI decisions
D) Insurance BI decisions

E) A) and B)
F) None of the above

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Which of the following is the result of BI that implies that the data have been documented as the certified or approved data for the enterprise?


A) Reliable
B) Consistent
C) Understandable
D) Easily manipulated

E) A) and B)
F) A) and C)

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