ANSWER:
Descriptive analytics
39. The use of analytical techniques for better understanding patterns and relationships that exist in large data sets is _____.
ANSWER:
data mining
40. A dashboard is a collection of tables, charts, and maps to help management _____ selected aspects of the company’s performance.
ANSWER:
monitor
41. A decision concerned with how the organization is run from day to day is known as a(n) _____.
ANSWER:
operational decision
42. A mathematical model that gives the best decision, subject to the situation’s constraints, is an a(n) _____.
ANSWER:
optimization model
43. A data _____ is a request to obtain information with certain characteristics from a database.
ANSWER:
query
44. Business analytics is the _____ process of transforming data into insight for making better decisions.
ANSWER:
scientific
45. A data _____ is trained in both computer science and statistics and knows how to effectively process and analyze large amounts of data.
ANSWER:
scientist
46. The use of probability and statistics to construct a computer model to study the impact of uncertainty on the decision at hand is called _____.
ANSWER:
simulation
47. Predictive and prescriptive analytics can also be referred to as _____.
ANSWER:
advanced analytics
48. _____ analytics is the analysis of online activity, such as visits to websites or social media.
ANSWER:
Web
49. One of the 4 Vs of big data that refers to uncertainty due to data inconsistency and incompleteness, ambiguities, latency, deception, and model approximations is _____.
ANSWER:
veracity
50. Data that are too large or too complex to be handled by standard data-processing techniques and typical desktop software are called _____.
ANSWER:
big data
51. Veracity has to do with how much _____is in the data.
ANSWER:
uncertainty
52. What are the four V’s of big data?
ANSWER:
Volume, Velocity, Variety, Veracity
Essay
53. With the rise of big data, increased attention is being paid to legal and ethical issues. INFORMS has established certain guidelines. Briefly discuss.
ANSWER:
Answers may vary by student.