Question: Part A Data driven decision making (DDDM) is a process working towards key business goals by leveraging verified, analysed data to build BI applications. Answer

Part A

Data driven decision making (DDDM) is a process working towards key business goals by leveraging verified, analysed data to build BI applications. Answer the following questions in Part A.

QuestionA-1

What are the main processing stepsfordata preparation to build BI application? Briefly describe each step and provide a relevant example.

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2. Find out if there are other reference points that can be used as reasonable alternatives.

1. Identify your reference point when making a decision based on an element of risk.

3. If there are reasonable alternatives, think about your decisions based on the different reference points and see if there are any contradictions in the decisions.