CS Professional · Artificial Intelligence, Data Analytics and Cyber Security - Laws and Practice · Data Analytics and Law
A Mumbai retailer analyses last quarter's sales records to find out why sales of winter wear fell in the western region. Which type of analytics is this?
This is diagnostic analytics. It examines historical data to explain why an outcome occurred, here the fall in winter wear sales. Descriptive analytics merely summarises what happened, while predictive and prescriptive analytics look forward to forecasts and recommended actions.
- APredictive analytics
- BDescriptive analytics
- CDiagnostic analyticsCorrect
- DPrescriptive analytics
Explanation
Diagnostic analytics asks 'why did it happen' by examining historical data to find causes. Descriptive analytics only summarises what happened, predictive forecasts what may happen, and prescriptive recommends actions. Here the retailer is seeking the reason for a fall, so it is diagnostic.
Did you get it right without looking?
One question tells you little. A timed set on Data Analytics and Law shows your real accuracy, how long you take and where you lose marks.
More Data Analytics and Law questions
- A Mumbai-based retail chain collects customer purchase data from its stores, website, mobile app and social media pages, in structured table…
- A data analytics company wants to send Indian customers' personal data to a processor abroad. It finds that a sectoral Indian law imposes st…
- Which of the following best fits the definition of 'traffic data' in the Explanation to Section 69B?
- Under Section 43A of the Information Technology Act, 2000, a body corporate that handles sensitive personal data in a computer resource it o…
- Sahyadri Insurance Ltd., a body corporate, stores sensitive personal data of policyholders in its own servers and uses it for big data analy…
- A Singapore-based analytics vendor, with no office in India, deliberately damages data held on a server network located in Pune. Which state…