Practice How Data Science Enhances Decision-Making - 18.1.2 | 18. Data Science for Business and Decision- Making | Data Science Advance
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does evidence-based choice mean?

💡 Hint: Think about making choices grounded in facts.

Question 2

Easy

What is one advantage of prediction in business?

💡 Hint: Consider how forecasting impacts operations.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is the primary benefit of evidence-based decision-making?

  • Eliminating biases
  • Increased costs
  • Reduced data usage

💡 Hint: Think about how facts relate to personal biases.

Question 2

True or False: Optimization is solely focused on cutting costs.

  • True
  • False

💡 Hint: Consider benefits beyond just costs.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A company wants to reduce operational costs by implementing a new optimization model. How would you suggest they measure the success of this implementation?

💡 Hint: Consider different KPIs that relate to operations and customer feedback.

Question 2

Discuss a real-world scenario where prediction and forecasting could lead to significant business changes. How might it affect decision-making?

💡 Hint: Evaluate a company you know that relies heavily on forecasting.

Challenge and get performance evaluation