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WPC 300 Study guides, Class notes & Summaries
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WPC 300 FINAL EXAM LATEST 2024/2025 ACTUAL QUESTIONS AND CORRECT ANSWERS(VERIFIED ANSWERS)100% GUARANTEED TO PASS!|ALREADY GRADED A+
- Exam (elaborations) • 27 pages • 2024
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WPC 300 FINAL EXAM LATEST 2024/2025 ACTUAL 
QUESTIONS AND CORRECT ANSWERS(VERIFIED 
ANSWERS)100% GUARANTEED TO PASS!|ALREADY 
GRADED A+
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WPC 300 Final Written Exam 2024/2025 (Questions and answers)
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1.	In an agile approach of analytics what is the first step of the process? 
 
ANSWER-Perform business discovery 
 
2.	In an ETL process, data is loaded into a final target database such as: 
 
ANSWER-Data warehouse 
 
3.	What are the four types of data analytical method? 
 
ANSWER-Descriptive, explanatory, predictive and prescriptive 
 
4.	Which of the following is an example of secondary data? 
 
ANSWER-Firm's proprietary data 
 
5.	Which of the following data analysis models use optimizat...
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WPC 300 Final Exam review 2024/2025
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WPC 300 Final Exam review 
 
 
Data Variable Categories - Qualitative and Quantitative 
 
Qualitative - Is descriptive and conceptual and cannot be measured 
 
Quantitative - Can be counted, measured, and expressed using numbers 
 
Quantitative Data Variables - Numerical-interval, ratio 
Categorical-Nominal, ordinal 
 
(Quantitative Categorical) Nominal - The numerical values just "name" the attribute uniquely 
Ex: Employment classification 
1 for Educator 
2 For Construction Worker 
3 for Man...
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WPC 300 Final Exam question and answers
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WPC 300 Final Exam 
 
 
perform business discovery - In an agile approach of analytics what is the first step of the process? 
 
data warehouse - In an ETL process, data is loaded into a final target database such as: 
 
prescriptive analytics - Which of the following data analysis models use optimization techniques? 
 
Prescriptive Analytics - Predictive analytics may be applied to __________, which is a set of techniques that use descriptive data and forecasts to identify the decisions most li...
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WPC 300 final Questions and answers 2024/2025
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WPC 300 final Questions and answers 
2024/2025 
QUIZ ONE - CORRECT ANSWERGamblers' fallacy is ______________ 
Framing effect bias 
A Zero risk bias 
A clustering illusion 
An endowment effect bias - CORRECT ANSWER-A clustering illusion 
When you keep eating the food you don't like precisely because you already bought the 
food, you are committing _______________ 
Endowment effect bias 
Sunk-cost fallacy 
Zero risk bias 
Availability heuristics bias - CORRECT ANSWER-Sunk-cost fallacy 
______...
Too much month left at the end of the money?
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WPC 300 - Final Exam Review 2024/2025 latest
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WPC 300 - Final Exam Review 2024/2025 
latest 
Heuristics - CORRECT ANSWER-Experience, intuition, rules of thumb, think fast. 
Analytics - CORRECT ANSWER-• Observe what has worked 
• Experimentation 
• Collect data and analyze data 
• Find patterns 
• Boundary and Generalizability 
• Think slow 
20% - CORRECT ANSWER-___ of our energy intake goes to the brain. Since slow 
thinking is expensive, the body is programmed to avoid it. 
statistical algorithm - CORRECT ANSWER-Our brains do ...
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wpc 300 final Study Guide Exam latest 2024/2025
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wpc 300 final Study Guide Exam latest 
2024/2025 
Principles of Problem Framing - CORRECT ANSWER-Tell, find and routinize 
Tell an interesting and complete story - CORRECT ANSWER-The problem you address 
should be meaningful Solution could be reused for related problems Assumptions, 
boundaries 
Find an appropriate solution framework - CORRECT ANSWER-Break down the 
problem into pieces Iterative process (agile vs waterfall) Identify appropriate 
analytical/modeling techniques 
Routinize the...
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WPC 300 Final Exam (practice questions and answers) A-Graded 2024/2025
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WPC 300 Final Exam (practice questions 
and answers) A-Graded 2024/2025 
analytics - CORRECT ANSWER-the process of developing actionable decisions or 
recommendations for actions based upon insights generated from historical data 
primary data - CORRECT ANSWER-data collected specifically for the research problem 
at hand (ex: survey, interviews) 
secondary data - CORRECT ANSWER-data collected for some purpose other than the 
problem at hand (ex: firm's proprietary data, internet data, stock...
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WPC 300 Final Exam (practice questions and answers) A-Graded 2024/2025
- Exam (elaborations) • 12 pages • 2024
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WPC 300 Final Exam (practice questions 
and answers) A-Graded 2024/2025 
analytics - CORRECT ANSWER-the process of developing actionable decisions or 
recommendations for actions based upon insights generated from historical data 
primary data - CORRECT ANSWER-data collected specifically for the research problem 
at hand (ex: survey, interviews) 
secondary data - CORRECT ANSWER-data collected for some purpose other than the 
problem at hand (ex: firm's proprietary data, internet data, stock...
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WPC 300 Final Written Exam 2024/2025 (questions and answers)
- Exam (elaborations) • 20 pages • 2024
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WPC 300 Final Written Exam 2024/2025 
(questions and answers) 
In an agile approach of analytics, what is the first step of the process? 
Perform data discovery 
Perform business discovery 
Score and deploy 
Model data - CORRECT ANSWER-Perform business discovery 
In an ETL process, data is loaded into a final target database such as: 
Operational dashboard 
Public database 
Social media database 
Data warehouse - CORRECT ANSWER-Data warehouse 
What are the four types of data analytical metho...
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