CMA Intermediate · Financial Management and Business Data Analytics · Introduction to Data Science for Business Decision-making
A CMA analyst at a Mumbai firm wants a tool to quickly build interactive charts and dashboards from sales data for management review, without writing much code. Which tool is best suited to this purpose?
A business intelligence visualisation tool such as Power BI or Tableau is best. These tools connect to the sales data and create interactive dashboards with little coding, letting managers drill down, whereas word processors, compression utilities or static slides cannot do this.
- AA business intelligence visualisation tool such as Power BI or TableauCorrect
- BA word processor
- CA file compression utility
- DA presentation template with static images only
Explanation
BI tools such as Power BI and Tableau connect to data and produce interactive dashboards with little coding. A word processor, compression utility or static slides cannot refresh or drill into data interactively.
Did you get it right without looking?
One question tells you little. A timed set on Introduction to Data Science for Business Decision-making shows your real accuracy, how long you take and where you lose marks.
More Introduction to Data Science for Business Decision-making questions
- A manufacturer in Coimbatore reviews a monthly dashboard of last year's sales. Sales were ₹40 lakh in January and ₹46 lakh in February. The …
- A Mumbai bank uses a model that estimates the probability of each loan customer defaulting in the next 12 months. Which type of analytics is…
- A retail chain in Pune analyses last year's sales to find why sales of a product fell in the monsoon months. Which type of analytics is this…
- A Pune-based NBFC wants to predict which borrowers are likely to default. The team first meets the credit head to define the business proble…
- An NBFC trains a credit-scoring model on 10,000 past loan applications. Of these, 8,000 were from urban applicants and 2,000 from rural appl…
- In a dataset of 200 loan records, the 'Income' field is missing for 20 records. The analyst fills each blank with the average income of the …