RFM analysis uses customer's purchasing patterns to ________ . analyze and rank customers predict future sales using regression techniques perform OLAP record transactions TRUE ANSWER : ? YOUR ANSWER : ?
A BI reporting system does not ________ . use disparate data sources use statistical procedures to predict future events create meaningful information deliver information to users on a timely basis TRUE ANSWER : ? YOUR ANSWER : ?
Which of the following are not done by Business Intelligence (BI) systems? Neither of the above is correct. Analyze past and current activities only Both of the above are correct. Process and record transactions only TRUE ANSWER : ? YOUR ANSWER : ?
Data Mining uses simple arithmetic techniques such as sums, averages, and groupings to perform what-if analyses, to make predictions, and to facilitate decision making. True False TRUE ANSWER : ? YOUR ANSWER : ?
Most operational databases can be used for many BI applications. True False TRUE ANSWER : ? YOUR ANSWER : ?
In a common form of RFM analysis, customers are sorted in five groups and given a score of 1 to 5 depending on their group. False True TRUE ANSWER : ? YOUR ANSWER : ?
Business Intelligence (BI) systems do not obtain their data by which of the following means? Process transactions Read and process data from an operational database Process data purchased from data vendors Process extracts from operational databases TRUE ANSWER : ? YOUR ANSWER : ?
In unsupervised data mining, explanations are created after patterns are found. True False TRUE ANSWER : ? YOUR ANSWER : ?