5. Used for data-driven or fact-based decision making, which is often seen as more objective than other alternatives for decision-making. A. Business strategy B. Business analysis C. Business analytics D. Business statistics 6. Among the following common approaches to making decisions, which one is used in business nowadays? A. Tradition B. Intuition C. Rules of thumb D. Using the relevant data available 7. Which of the following is not included as what tools of business analytics can aid decision making? A. Creating insights from data B. Improving our ability to more accurately forecast for planning. C. Helping us quantify benefits. D. Yielding better alternatives through analysis and optimization 8. Encompasses the set of techniques that describes what has happened in the past. A. Prescriptive analytics B. Predictive analytics C. Descriptive analytics D. None of the answers 9. Collections of tables, charts, maps, and summary statistics that are updated as new data become available. A. Analytics software B. Data Dashboards C. Catalog D. Statistical software 10. Consists of techniques that use models constructed from past data to predict the future or ascertain the impact of one variable on another. A. Prescriptive analytics B. Predictive analytics C. Descriptive analytics