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Business Analytics-1

The document outlines various questions related to business analytics, covering topics such as organizational structures, information policies, forecasting methods, decision problem formulation, team management skills, outsourcing considerations, statistical models, data quality issues, and the use of data storytelling. It is structured into three sets of questions, each addressing different aspects of business analytics. The content is intended for a mid-term examination for M-Tech students in Computer Science.

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Prudhvi
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57 views2 pages

Business Analytics-1

The document outlines various questions related to business analytics, covering topics such as organizational structures, information policies, forecasting methods, decision problem formulation, team management skills, outsourcing considerations, statistical models, data quality issues, and the use of data storytelling. It is structured into three sets of questions, each addressing different aspects of business analytics. The content is intended for a mid-term examination for M-Tech students in Computer Science.

Uploaded by

Prudhvi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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NRI INSTITUTE OF

TECHNOLOGY
Class: II M-Tech (R23) Branch: CSE Mid-II

Subject: BUSINESS ANALYTICS

SET-I
What are the different types of organizational structures for business analytics teams?
1.
What are the key components of an effective information policy for business analytics?
2.

What are the advantages and disadvantages of using qualitative and judgmental forecasting
3. methods?

4. How can models such as linear regression and exponential smoothing be used to forecast time
series with a linear trend?
5.
How can decision problems be formulated, and what are the key elements of a well-formulated
decision problem?

SET-II
What are the key skills and competencies required for effective business analytics team management?
1.

How can organizations determine whether to outsource business analytics functions, and what are the
2. key considerations?

What are the different types of statistical forecasting models, such as autoregressive (AR),
3. moving average (MA), and autoregressive integrated moving average (ARIMA) models?

How can models such as seasonal decomposition and seasonal ARIMA be used to forecast time
4. series with seasonality?

What are the benefits and challenges of using visual data recovery in business analytics?
5.
SET-III
What are the common management issues faced by business analytics teams, such as data quality,
1. stakeholder buy-in, and resource allocation?

How can business analytics teams ensure data quality, and what are the best practices for data
2. validation, data cleansing, and data normalization?

What are the characteristics of a stationary time series, and how can they be identified?
3.

How can regression analysis be used to forecast outcomes based on causal variables?
4.

What are the benefits and challenges of using data storytelling and data journalism in business
5. analytics?

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