BIT 301 Fundamentals in Business Analysis LATEST FINAL EXAM REVIEW QUESTIONS & ANSWERS

BIT 301 Fundamentals in Business Analysis LATEST FINAL EXAM REVIEW QUESTIONS & ANSWERS

1. Which of the following steps in data analytics involves
identifying patterns and trends in historical data without assuming
any given structure?
 - A) Predictive Analytics
 - B) Descriptive Analytics
 - C) Prescriptive Analytics
 - D) Diagnostic Analytics
 Answer: B) Descriptive Analytics
 Rationale: Descriptive analytics is used to analyze past data for
patterns and trends.
2. What is the main advantage of using a Decision Tree in
business analytics?
 - A) Complexity
 - B) Clarity and interpretability
 - C) High accuracy with large datasets
 - D) Fast computation
 Answer: B) Clarity and interpretability

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