EBK ESSENTIALS OF MIS
12th Edition
ISBN: 8220101459305
Author: LAUDON
Publisher: PEARSON
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Chapter 11, Problem 2RQ
Explanation of Solution
Business intelligence and Business analytics:
Business intelligence refers to technologies, applications, infrastructures and tools that performance a main role in the planning process of the corporation.
- The set-up for analyzing data, reporting, warehousing and combining data from the business atmosphere.
- It gathers, stores, clean and makes appropriate data offered to managers. It consist of databases, data warehouses, and data markets...
Explanation of Solution
Elements of a Business intelligence environment:
- 1) Data from the business environment:
Different sources of organized and unorganized data, Internet and mobile devices are combined and used by the people decision makers.
- 2) Business intelligence infrastructure:
Strong
- 3) Business analytics tools:
Software tools used to examine data and send respond, reports to manager queries and use key pointers of presentation to follow a business growth...
Explanation of Solution
Analytic functionalities provided by Business intelligence systems:
- 1) Production reports
The predefined reports are constructed on business agree requirements.
- 2) Parameterized reports
An Operators enter numerous constraints in a pivot table to screen data and separate effects of the constraints.
- 3) Dashboards and scorecards
Visual tools is used to presenting records as created by users...
Explanation of Solution
Predictive analytics and location analytics with examples:
Predictive analytics is defined as an extracting data from existing data sets which is used for analysis of statistics, mining and for upcoming expectations to forecast future developments and performance designs. It comprises the skill to develop the future actions and performance for past events.
Two examples of Predictive analytics:
- 1) Predict age, gender, location and driving records in insurance policy companies to begin appropriate cost of plans.
- 2) Predict the customer response to the product depends on offers in the product by the retailers...
Explanation of Solution
Types of Business intelligence users:
- 1) Power users
Nearly 20 percent of employees in the groups of business analysts, IT developers, analytical modelers and super users who producing new analyses, models, reports and forecasts.
- 2) Casual users
Other 80 percent...
Explanation of Solution
Balanced scorecard method and business performance management:
Balanced scorecard method:
A senior manager can create the outline for operating a secure plan by concentrating on computable results on four views of the performance of organizations. They are business process, customer, financial, growth and learning. This method helps to increase the customer satisfaction, business process efficiency and improvement in the employee activities...
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Students have asked these similar questions
8. Cash RegisterThis exercise assumes you have created the RetailItem class for Programming Exercise 5. Create a CashRegister class that can be used with the RetailItem class. The CashRegister class should be able to internally keep a list of RetailItem objects. The class should have the following methods:
A method named purchase_item that accepts a RetailItem object as an argument. Each time the purchase_item method is called, the RetailItem object that is passed as an argument should be added to the list.
A method named get_total that returns the total price of all the RetailItem objects stored in the CashRegister object’s internal list.
A method named show_items that displays data about the RetailItem objects stored in the CashRegister object’s internal list.
A method named clear that should clear the CashRegister object’s internal list.
Demonstrate the CashRegister class in a program that allows the user to select several items for purchase. When the user is ready to check out, the…
5. RetailItem ClassWrite a class named RetailItem that holds data about an item in a retail store. The class should store the following data in attributes: item description, units in inventory, and price.
Once you have written the class, write a program that creates three RetailItem objects and stores the following data in them:
Description Units in Inventory PriceItem #1 Jacket 12 59.95Item #2 Designer Jeans 40 34.95Item #3 Shirt 20 24.95
Find the Error:
class Information:
def __init__(self, name, address, age, phone_number):
self.__name = name
self.__address = address
self.__age = age
self.__phone_number = phone_number
def main():
my_info = Information('John Doe','111 My Street', \
'555-555-1281')
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