Predictive analytics involves taking historical data ______.

Data Analytics - Quiz(MCQ)

True

False

Can Not Say

None of the above

Correct Answer : True

Explanation : The approach or practice of utilizing data to generate projections about the possibility of certain future events in your organization is known as predictive analytics, which is a form of advanced analytics.

Predictive analytics models unknown future occurrences by combining historical and current data with advanced statistics and machine learning approaches.

It is commonly characterized as utilizing data science and machine learning to learn from an organization's previous collective experience in order to make better decisions in the future.

Recently Updated in Data Analytics Questions

________ Analysis is used to analyze a system in terms of its requirements to identify its impact on customers’ satisfaction. Fill in the blank.

Impact

Kano

Paretto

RootCause

Correct Answer : Kano

Explaination : The Kano analysis is used to analyze a system in terms of its requirements and identify its impact on customers' satisfaction.

This analysis helps to categorize customer preferences into different types: basic requirements, performance requirements, and excitement requirements.

By understanding these different types of requirements, businesses can prioritize their efforts and focus on delivering features and functionalities that will truly satisfy their customers.

According to a very recent Jaspersoft Survey, what is the most popular big data store?

MongoDB

Hadoop HDFS

Both (A) and (B)

Relational Databases

Correct Answer : Relational Databases

Explanation : The most popular big data store according to the recent Jaspersoft Survey is Relational Databases.

By 2025, the volume of data will increase to_____.

Correct Answer : ZB

Explanation : It is projected that 2.5 quintillion bytes of data are created every day, with the volume of digital data expected to reach Zeta Byte by 2025.