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Three core functions of Business Intelligence (BI) are query, reporting, and analytics. Queries are one way to access a particular view of the data or to analyze what is happening or has happened. For operational BI, data is typically accessed or distributed via reports. Data mining and predictive analytic tools are used to find relationships that are hidden or not obvious, or to predict what is going to happen. For instance, data mining can identify correlations, such as which factors--a prospect’s income, education, age, last purchase amount, and so forth--were most closely related to a successful response in a marketing campaign.
Some data mining, predictive analytics and other analytical tools can be used directly by users, but some are too complex for them to understand and use. Knowing how to interpret and act on the results of queries, reports, or analytics depends on human expertise.
QUESTION: Discuss Business Intelligence (BI) flaws that contribute to BI failure.
What processes are needed in order to shape alternative design strategies for a system?
Having had a positive experience I am sure you can attest to the benefits of team work. As the team works together to reach its goal - do you think that a single member of that team can stand out? In other words - can a team member have individual go..
Discuss some forecasting issues that you encounter in your daily life. How do you make your forecasts? Are your forecasts accurate? What improvements can you make in the forecasting process. Be specific
Effective leaders are most likely to:
Companies use departmentalization to divide the business into more manageable working units. Each departmentalization option has both distinct advantages and disadvantages. The examples below describe some disadvantages. Match each statement with the..
Some people may argue that labor unions are no longer needed, as there are enough laws to protect workers. What is your perspective on this statement?
How have information systems affected laws for establishing accountability, liability, and the quality of everyday life?
Given the product structure, master production schedule, and inventory status in Figure on the next page and assuming the requirements for each BOM item is 1: Develop a gross requirements plan for Item C
Consider a summer job that you have held. Write a detailed job description for that job. Then, develop a behaviorally anchored rating scale (BARS) that can be used to evaluate an individual who performs that job in the future.
The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0..
Before the Employee TrainingIn a Mid-Western university, the Director of Human Resource Development (HRD) created a new employee training series for supervisory staff members. She began the needs assessment process with focus groups that included bot..
Based on what you learned in this chapter, write a short (less than one page) explanation Lisa can use to sell to top management the need to further improve the hotel chain’s fairness and justice processes.
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