A$.$ Multiple$-$Choice Questions:

Select the best answer for each question.

$1.$ What is Business Analytics?

A$)$ The study of business practices

B$)$ The analysis of business data using statistical methods

C$)$ The management of business teams

D$)$ The creation of business software solutions

$2.$ Which of the following is an example of descriptive analytics?

A$)$ Forecasting future sales

B$)$ Identifying the reasons for last quarter$$s performance

C$)$ Analyzing customer feedback to determine satisfaction levels

D$)$ Both B and C

$3.$ Predictive analytics involves:

A$)$ Describing past performance

B$)$ Predicting future outcomes based on current data

C$)$ Decision making using real$-$time data

D$)$ Creating financial statements

$4.$ Which tool is commonly used for data visualization?

A$)$ SQL

B$)$ Python

C$)$ Microsoft Excel

D$)$ All of the above

$5.$ Data mining refers to:

A$)$ Storing large amounts of data

B$)$ The process of finding anomalies, patterns, and correlations within large data sets to predict outcomes

C$)$ A method of securing data

D$)$ Developing new data storage technology

B$.$ Short Answer Questions:

Answer the following questions in a few sentences.

$6.$ Explain the difference between big data and traditional data sets.

$7.$ Describe one real$-$world application of business analytics in the marketing field.

$8.$ What are the main stages of the data analytics lifecycle?

C$.$ Reflection Questions:

Reflect on what you have learned and how you can apply it$.$

$9.$ How could the knowledge of business analytics impact decision$-$making in your current or future workplace?

$10.$ What aspect of business analytics do you find most challenging, and how do you plan to address this challenge?