How IS is different from IT? 2. What are Management Information Systems? 3. Which type of analysis is usually performed by decision support systems?

Q: How does data aggregation play a significant role in data warehousing for analytical purposes

A: The process of gathering data and presenting it in summary form is known as data aggregation. This…

Q: What is data mining, and how does it relate to data warehousing for decision support?

A: Data mining is a process of discovering meaningful patterns, trends, and insights from large…

Q: DSSs are useful for businesses since they aid in making choices that need several…

A: Decision Support Systems (DSSs) are computer-based tools that support decision-making activities in…

Q: What are theBasic steps in problem solving?

A: Problem-solving is described as a process of identifying a problem, the cause behind the problem and…

Q: What kind of model/framework is followed for organizational decision making by TCS?

A: Model of Data and Analytics Operations Today, data is a company's most valuable asset. It improves…

Q: Where do business rules fit into data modeling?

A: Business rules play a crucial role in data modeling as they help define and govern the structure,…

Q: Diagnosis may be tacit or explicit and focuses on:  Answer        C)    the organization’s…

A: The objective of the question is to identify the correct focus of an organizational diagnosis,…

Q: Usually we distribute questionair or survey to get answers from audiance. But can we use questionair…

A: Data collection targets a set of people to get their opinions, their preferences, choices commonly…

Q: Can the distinction between descriptive and prescriptive models be made by examining their…

A: Introduction:  Descriptive models aim to describe and explain phenomena as they are or have been…

Q: What is On-Line Analytical Processing Tools (OLAP) and why is it important?

A: By executing particular analyses of multidimensional data interactively from numerous viewpoints,…

Q: 2. What do we do and how do we use data to improve customer experiences?

A: The positive customer experience is very important for the organization due to below mentioned…

Q: Explain the role of data quality management in ensuring accurate and reliable data for…

A: The process of ensuring that an organization's data is accurate, trustworthy, consistent, and…

Q: 1. What is your definition of Business Analytics?

A: In today’s world business analytics is used widely as a tool by companies to improve the performance…

Q: How can marketing analytics help businesses make data-driven decisions?

A: Marketing analytics refers to the practice of measuring, managing, and analyzing data related to…

Q: What is data modeling in the context of data warehousing, and how does it help in organizing and…

A: Data modeling is a critical component of data warehousing. It aids in organizing and structuring…

Q: need more explation on this question this answer has already been given  Need to know briefly

A: International human resource management (IHRM) refers to a set of human resource activities at the…

Q: It's important to differentiate between an Analysis Report and a Recommendation Report.

A: When it comes to producing reports, it is essential to understand the purpose and scope of the…

Q: Why do analysts use EDA, and how does it differ from hypothesis testing, while doing data mining?

A: Data exploration and analysis are crucial activities in any data mining or machine learning process.…

Q: short notes on any three different data sources IN ENGINNERING

A: Engineering data is an any information which  collectively becomes  knowledge and based on that…

Q: What is Unified Modeling Language (UML)? What is the concept? Explain.

A: Elements:Class: A blueprint for objects, defining attributes and operations.Object: An instance of a…

Q: Data-driven decision making relies solely on quantitative data A True B False

A: Decision-making is the mental course of choosing a strategy from different options accessible to an…

Q: Identify circumstances when information utility is a meaningful criteria that isn't covered by the…

A: Information utility refers to all the information that is provided to the customers to help them…

Q: What is the role of OLAP (Online Analytical Processing) in data warehousing? How does it enable…

A: Please find the answer below.OLAP (Online Analytical Processing) :- OLAP is a computer-based data…

Q: What factors should organizations consider when implementing data lakes for real-time data analytics…

A: In today's data-driven business landscape, organizations are increasingly turning to the data lakes…

Q: Difference between PESTEL analysis Hofstede, Trompenaar and GLOBE

A: Pestel analysis-  this analysis is an evaluation of macro environmental forces. It evaluates whether…

Q: What is the importance of data analysis? How can it help you understand whether a new product had a…

A: Question 1Data analysis plays a pivotal role in various aspects of modern society, spanning from…

Q: What does corporate data modelling do, and how does it work, in this case?

A: The activity of creating a graphical model of the data to be used by an enterprise or company is…

Q: on of "Big Data" What are the most critical advantages of Big Data in terms of competition?

A: Big Data is a massive analysis of information that's also expanding significantly over time. It is a…

Q: Explain the four step method for business problem solving . Make sure you list and explain all of…

A: The problem-solving process is the process in which different methods are used to find the potential…

Q: Explain the concept of data warehousing and its significance in decision support systems.

A: Data warehousing is a comprehensive and integrated process of collecting, storing, managing, and…

Q: corporate data modeling and how does it work

A: The procedures of providing a clear image of an entire information system or parts of it so as to…

Q: CONSUMER DECISION MAKING PROCESS 1. Need Recognition 2. Search for Information 3. Evaluation of…

A: The consumer purchase decision process refers to the process through which a consumer goes when he…

Q: Provide a definition and the use/s of a) Cost-benefit analysis b) SWOT Analysis c) Stakeholder…

A: A manager is a person who is responsible for the proper working of the organization. Managing…

Q: What types of secondary data could be useful to inform the development of the questionnaire?…

A: Data that are being collected for the first time or extracted from genuine sources are primary data.…

Q: What are some common mistakes people may do while analyzing data?

A: Analytical skills are one of those essential skills which are ought to be present in every person…

Q: Assess the THREE (3) major categories of analytical reports and provide examples of each.

A: Analytical reports are used to identify and assess upon particular issues and opportunities in the…

Forecasting

Forecasting is a methodology that uses historical data as inputs to make well-informed predictions about the course of future trends. Forecasting is the method of making forecasts based on historical and current data, most commonly by trend analysis. In the business world, forecasting is a basic statistical task. Forecasting is used by businesses to decide how to allocate their budgets or prepare for expected expenditures in the future. Forecasts help managers formulate and execute production plans by providing forecasts. The primary goal of forecasting is to make accurate predictions.