Key performance indicator
Name one example of a KPI in sales.
Monthly sales revenue, number of new customers
PESTEL framework analyzes ______ factors affecting a business.
External / Macro-environmental
In 3 Idiots, Rancho identifies why students fail by analyzing the education system. This type of analytics explains why things happened. ***
Diagnostic analytics
What type of learning uses labeled data?
Supervised learning
This method of visualization connects factors contributing to a problem in a tree-like structure. ***
Decision tree
Which KPI is used to measure customer satisfaction?
Net Promoter Score – NPS
Which analytical framework helps categorize business units as Stars, Cash Cows, Question Marks, and Dogs?
BCG Matrix
Avengers: Endgame assembled heroes for one mission. This type of analytics combines data from multiple sources for one big insight.
data integration/big data analytics
Name an ensemble learning method.
RandomForest
When diagnostic analytics identifies an issue, this next type of analytics is used to decide what action to take.
Prescriptive analytics
KPIs should be reviewed ______ to stay relevant.
Regularly / periodically
Which framework uses five elements including Threat of New Entrants and Bargaining Power of Buyers?
Porter’s Five Forces
Like in Ra.One, the AI villain learns from humans and adapts. Analytics that learns automatically from data is called this.
machine learning
What technique combines multiple models?
Ensemble
This method in diagnostic analytics compares different time periods, products, or groups to identify patterns.
drill-down analysis/comparison analysis
What is a lagging KPI? ***
A metric that measures past performance,
The McKinsey 7S framework includes Strategy, Structure, Systems, Style, Staff, Skills, and ______. ***
Shared Values
In 7aum Arivu, Bodhidharma studies past knowledge to understand why diseases spread and how to stop them. The analytics that looks into causes like this is called?
Root cause analysis
Name the algorithm inspired by human neurons? ***
NeuralNet
This term refers to grouping data based on shared characteristics to understand cause patterns.
Data clustering
Differentiate between leading and lagging KPIs.
Leading helps predict and influence outcomes; lagging shows results after they occur
Root Cause Analysis often uses the ______ technique to find underlying problems.
5 Whys / Fishbone Diagram
In PK, the alien notices patterns in human behavior. Analytics that studies behavior to understand patterns is called this.
behavioral analytics
Name the method that is used to prevent overfitting?
Regularization
This visual tool is frequently used in diagnostic analytics to trace contributing factors to a specific problem.
fishbone diagram