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Q: What are the different types of analytics? How can they be applied to improve business performance?…
A: The process by which a business uses different statistical methods, tools, and technologies for…
Q: To what degree do you believe it to be amazing that a fairly small firm such as Sunny Delight could…
A: It is indeed impressive that a relatively small firm such as Sunny Delight could have access to so…
Q: What are the steps in conducting a market analysis?
A: Market Analysis is a process where we analyze the market so as to how to better position ourselves…
Q: Why is market-share forecasting important to the firm?
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Q: What exactly is business analytics, and what is its goal in terms of producing value from data?
A: In today's business world, Business analytics acts as a powerful tool. Across industries,…
Q: What are some other ways research and the data it produces are used to make business decisions?
A: Business contains economic and organizational activities in specific industries, focused on…
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A: A database is a structured collection of data that has been set up to facilitate effective data…
Q: As you have seen in your reading and lectures for this course, business analytics focuses on the…
A: Business analytics is the process of using data and statistical techniques to generate insights and…
Q: How can organizations leverage artificial intelligence and machine learning algorithms within their…
A: Artificial intelligence (AI) and machine learning (ML) algorithms can be leveraged within CRM…
Q: Where do the data for business analytics come from? What are the sources and the nature of those…
A: Business Analytics helps in making better decisions by sorting and analyzing the business data with…
Q: Identify the various business scenarios in which can be business analytics applied?
A: Instances of business analytics applications: 1. Finance: The value of a finance business analytics…
Q: What, in your view, is the most significant distinction between business intelligence and analytics?
A: Data-driven decision making has become increasingly essential in today's business world.…
Q: How can market forecasting help businesses make informed decisions?
A: Concept Introduction :- Market forecasting is the process of predicting future market conditions…
Q: What are the challenges associated with deploying Business Intelligence?
A: Business Intelligence (BI) is the process of collecting, analyzing, and presenting data to support…
Q: What are some ways that Business Analytics impacts Business Performance?
A: Business analytics can be outlined as the method of the breakdown of past info so future choices…
Q: What differentiates business intelligence and analytics?
A: Business intelligence (BI) and analytics are related but distinct concepts. Business intelligence…
Q: What methodology does written surveys or telephone interviews use to predict?
A: The qualitative forecasting strategy utilizes master information to estimate the future interest in…
Q: How are they different from each other? When are they used? Pretend that you are a Data Analyst in a…
A: Descriptive Analytics tells you what happened in the past. Predictive Analytics predicts what is…
Q: With the use of relevant examples, outline the benefits that can be derived from effective use of…
A: In this modern environment, the combined utilization of business intelligence and analytics can be…
Q: What are the challenges associated with the implementation of Business Intelligence?
A: Business Intelligence (BI) is a technology-driven process of collecting, analyzing, and presenting…
Q: What is the correlation between Business intelligence and potential areas of concern when it comes…
A: Business intelligence is a process which is related to technology. It is used for analyzing various…
Q: What are the advantages of predictive analytics?
A: Predictive analytics is the practice of using data, statistical algorithms, and machine learning…
Q: What are the three categories of business analytics? What is the quantitative analysis process?…
A: The three categories of business analytics are: Descriptive analytics: This involves summarizing…
Q: Discuss the strategic objectives you, as a senior manager, would consider when investing in…
A: Strategic management is the - administration of an association’s resources to attain its goals &…
Q: What is the best role of a business analyst?
A: When conducting a business analysis, the primary role of a business analyst is requirements…
Q: In your view, which of these two terms—business intelligence or analytics—best describes the primary…
A: The timing of events is the main differentiator between business intelligence and business…
Q: What are the key concepts and techniques of data mining and predictive analytics, and how can they…
A: Predictive analytics alludes to the utilization of both new and authentic data, factual…
Q: How do real-time analytics in CRM systems help in making instantaneous business decisions?
A: In today's fast-paced business environment, prompt decision-making is crucial to achieving success.…
Q: Do you think that the use of Statistics is important for a Business Analysis?
A: By bridging the gap between business objectives and information technology solutions, a business…
How is studying, categorizing, and understanding different corporate strategies will affect strategic auditors in his or her job?
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- How can organizations leverage artificial intelligence and machine learning algorithms within their CRM systems to intelligently predict customer behavior, optimize sales and marketing strategies, and improve overall customer satisfaction and retention rates?Describe at least two alternative solutions that you could go to and what you would lose by not being able to implement business analytics.Appraise the differences between qualitative and quantitative research methods.Can both be used to test hypotheses to develop a theoretical understanding of business outcomes? Is one more appropriate than the other? Can both be trusted to generate reliable results?
- The use of management science in "market analysis". List three positive and negative outcomes from this application of management science.Conducting an effective business analysis involves carrying out five (5) key steps. Briefly describe these five (5) steps.How does the VRIO framework help firms make strategic decisions?