You are a certified financial planner working for a large bank that specializes in managing the retirement funds of its customers. One of the most frequently asked questions from your clients is "How long will my retirement funds last?" Which general category of BI/analytics tools would you use to answer this question? What specific tools would be useful?

Q: How does Big Data Analytics differ from traditional data analysis?

A: Data analysis refers to the methods used to gather, process, and interpret data. It typically…

Q: You’ve been hired by Ford Car Company to write a C++ console application that determines the number…

A: The C++ console application to determine the number of months to repay a car loan by using a…

Q: OLAP's function in descriptive analytics must be well stated.

A: Given: In the context of descriptive analytics, describe the OLAP.

Q: It is critical to identify the role that OLAP plays in descriptive analytics.

A: Introduction: The abbreviation OLAP stands for online analytical processing: Software that can…

Q: OLAP usage in descriptive analytics must be explained.

A: Online Analytical Processing (OLAP) is a technology designed for conducting sophisticated data…

Q: Why do data miners choose empirical data analysis (EDA) over hypothesis testing?

A: Data mining is a crucial process in extracting meaningful insights and patterns from large datasets.…

Q: How does the Online Analytical Processing (OLAP) allows you to drill down a pivot table?

A: Introduction: Business intelligence involves taking data from an OLAP database and then analyzing it…

Q: How are dashboards different from other end-user BI / Data Analytics tools?

A: Dashboards are data visualization tools that provide a concise, real-time summary of key performance…

Q: It is vital to define the function of OLAP in descriptive analytics.

A: Answer : OLAP stands for Online Analytical processing . It is an analytical processing which is used…

Q: A venture capital fund is looking to invest in a three-year-old company that's outside of its…

A: It is defined as Data, in the context of databases, refers to all the single items that are stored…

Q: According to a recent Gartner report, most business users will have access to some sort of…

A: Companies should invest in new analytics technologies for the following reasons: A significant…

Q: Please elaborate on the role of OLAP in descriptive analytics and how it differs from other forms of…

A: OLAP stands for Online Analytical Processing,  1) OLAP plays a crucial role in descriptive analytics…

Q: Senior management has asked you to research a Big Data topic. They would like you to choose one of…

A: We're looking at the healthcare industry because it generates a lot of data and is primarily driven…

Q: One day, the management decides that they want to increase the retention of their customer. Based on…

A: Answer: We have explain some point regarding the Analytics in brief explanation.

Q: 1. Is it surprising to you that a relatively small company like Sunny Delight could end up with so…

A: 1. During its lifetime, Sunny Delight hired eight BI users. It's interesting that so many analytical…

Q: The role that OLAP plays in descriptive analytics must be well defined.

A: Descriptive analytics rely heavily on OLAP (Online Analytical Processing), which offers a strong and…

Q: The role of OLAP in descriptive analytics must be well defined.

A: Let's first see about the descriptive analytics. Descriptive analytics It is the field of statistics…

Q: There are many considerations to make when switching from a custom-built solution to an…

A: introduction: Choosing to decrease or eliminate one quality, quantity, or feature of a set or design…

Q: Data Science (DS) is a predictive analytics method O True O False

A: Predictive analytics is the area of data science which focused on interpreting existing data in…

Business Intelligence Analytics Tools and Techniques

Business intelligence tools are the tools used for analyzing, retrieving, sorting, and filtering information from different business intelligence systems. They are used for creating reports, visualizing large volumes of data, and decision-making.