Topic 1: Introduction to Business Analytics

Apply and test your knowledge of the current and previous topics by attempting the

questions below. Completing these questions will help you to succeed in your subject.

Workshop Questions

1- Define analytics.

2- How can analytics support objective decision making?

3- How can computer software assist overcome the cognitive limits of

humans?

4- Compare and contrast with examples of descriptive analytics with

predictive and Prescriptive analytics.

5- Why would health insurance companies invest in analytics outside fraud

detection? Give examples of how analytics can help these companies to

quantify the risk of a positional type of injury.

6- Find at least three other occasions for applying analytics in the retail

value chain other than those covered in this week lecture.

7- List some of the retail stores that you know which use some of the

analytics applications that we discussed in this lecture?