Can you give an example of one type of quantitative data and one type of qualitative data that youve encountered in your professional or personal life please?
Q: What is the procedure through which data is gathered and analysed? (ask for examples)
A: What is Data Collection? Data collection is the course of action of collecting, measuring, and…
Q: What is Business Analytics?
A: Business analytics uses the tools of statistics, artificial intelligence and data mining to identify…
Q: between a data
A: Talking about data scientists then ,data scientists are the one who does the machine learning and…
Q: how do data, information, and knowledge vary, and can you provide some instances of each?
A: There are many departments in an organization. They are human resources, finance, manufacturing,…
Q: Distinguish between primary and secondary data. Whenshould researchers collect each type of data?
A: The use of these two terms- Primary and Secondary data is seen the most in the field of research.…
Q: How do you collect the data for each of the data collection methods? Explain
A: Data collection targets a set of people to get their opinions, their preferences, choices commonly…
Q: Why is market-share forecasting important to the firm?
A: In the market share concept of making a sales forecast, the sales estimate starts with a forecast of…
Q: Why do you think data quality is one of the most important aspects of data warehousing? Describe the…
A: Data quality is a proportion of the state of information dependent on elements like precision,…
Q: What exactly is enterprise data modeling?
A: An Enterprise data model is a visual representation, or graph, of a business enterprise data. It…
Q: Identify 4 different types of data you see in your daily life. It could be in a form of a book, seen…
A: Data refers to the fuel that can drive a business to the right path or provide at-least actionable…
Q: Compose a short text about qualitative data analysis.
A: Data analysis is described as a process of processing raw data, changing and cleaning raw data,…
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: Discuss Quantitative data collection methods and TWO main sources of such data
A: Customers are the king of market. The data provided by them can be used to study the needs, wants,…
Q: Critically discuss the following methods and or instruments of data collection. For each method,…
A: A questionnaire is a commonly used data collection method that is used for collecting both…
Q: What is the role of Analytics?
A: In order to obtain knowledge that informs business decisions, Business Analytics refers to the…
Q: what are the most effective methods for exploring and preparing data?
A: Data Exploration or Exploratory data analysis (EDA) delivers a simple set of exploration tools that…
Q: Why do we need exploratory data analysis? Why not go straight into modeling? you may ask.
A: Exploratory data analysis is defined as a part of data analysis where various techniques are…
Q: Why is it important to be consistent in how you enter data for your study? And why should you have a…
A: Data consistency means that data values are the same for all instances of an application.
Q: Why is it important to use the proper statistical procedures to analyze your data?
A: ANSWER IS AS FOLLOWS:
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: 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: What is marketing intelligence system? Explain how it differs from internal data? What are the…
A: Consists of people, procedures and systems to collect, analyze and distribute the information needed…
Q: Compare and contrast the three kinds of analystical strategies in Qualitative Data Analysis…
A: Qualitative Data Qualitative data is defined as information that estimates and characterizes.…
Q: Explain the term Big data?
A: Big Data is the most hyped and most used term in toady's analytics industry. It has become the basis…
Q: what kinds of data from existing studies does Porter suggest being gathered
A: The most popular techniques of doing competitive business intelligence all have one thing in common,…
Q: When is it better to use secondary data over primary data? And, when is it better to use an internet…
A: Primary data can be explained as the data that has been collected by the researcher himself for the…
Q: Which types of application one can prefer to use Bagging and boosting methods for predictive…
A: Let’s first understand the concept of what are meant by bagging and boosting methods and predictive…
Q: Why does it make sense to use more than one type of data collection methods?
A: Data collection means collecting data through questionnaires, interviews, emails in order to collect…
Q: How important do you think data quality is to data warehousing's success? What are the benefits of…
A: Data Quality:- Data Quality refers to the extent to which internal characteristics (e.g., accuracy,…
Q: What is the difference between structured and unstructured data? What are some examples of each?
A: Data is information, facts that are collected and analyzed for the basis of business decisions.…
Q: What are data analytics
A: Data analytics is the science of analyzing and interpreting raw data so that they provide some…
Q: Why is data integration being implemented in Business Intelligence?
A: In every organization, there are a number of activities that are being done. There are a number of…
Q: Explain the major difference between statistical and nonstatisticalsampling?
A: The Difference between statistical and nonstatistical sampling as follows:
Q: Business is an example for both descriptive and inferential statistics. Why is this so?
A: Business statics: This is something that helps managers to analyze the past performance of the…
Q: Six factors are used to assess the quality of data.
A: Accuracy : Among marketers who purchase demographic data, 84% say that accuracy is vital to their…
Q: Discuss the following data collection methods: Describe the method's objective, benefits, and…
A: Data collection means collecting data from different data collection methods such as survey.
Q: Given the particular data collection strategy employed, can indexes/scales be used to measure…
A: Specifying whether constructs are one-dimensional or multidimensional is a critical option to make…
Q: How is data warehousing related to business intelligence?
A: The relationship between data warehousing and business intelligence is explained below in the…
Q: What are the characteristics of input data?
A: Input data refers to the data responsible for conducting processes.
Q: Based on any collecttion data, what are the strengths and weaknesses of your data collection based…
A: Various modes of data collection are handled by responsive management. Each mode has its own…
Can you give an example of one type of quantitative data and one type of qualitative data that youve encountered in your professional or personal life please?
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- What forecasting techniques are used in the management of technology and innovation?What are the most typical types of data trends to look for when doing a data analysis? It is necessary to present examples of each group.Explain the concept of data warehousing and its relevance in business intelligence and data analysis.
- What is the primary distinction between business intelligence and analytics?Explain the concept of data integration in the context of data warehousing. Why is it crucial for effective data analysis?Differentiate descriptive analytics, prescriptive analytics and predictive analytics. give at least one specific example how are these examples of analytics are used