Due: Friday 10th September 2021 Name of the Student: Zafarjon Zulkaynarov Grade: / 25 pts

Assignment #1

Due: Friday 10^th September 2021

Name of the Student: Zafarjon Zulkaynarov Grade: / 25 pts.

Answer the Following Questions:

1. What is the relationship between data, information, business intelligence, and knowledge?

It is possible to observe a relationship between them. Specifically, Data represent raw fats, while information is also data that owns exact meaning. Furthermore, BI is collective information that gives you an opportunity to create strategic business decisions.

2. What is MIS and what role does it plays in an organization?

MIS stands for Management Information System and it has such role in an organization that are communication, information generation, problem identification and decision-making. Moreover, MIS plays important role in administration, management and operation of an organization.

3. The three techniques for business analytics include descriptive analytics, predictive analytics, and prescriptive analytics. For each of the below examples, determine which analytical technique is being used. Just put √ for correct techniques in the box. [10 pts.]

Example	Descriptive Analytics	Predictive Analytics	Prescriptive Analytics
1. Which candidate will win the election?		√
2. What price for a product will maximize profit?			√
3. How much money do I need to save each year to have enough money for retirement?		√
4. How many products were sold last year?	√
5. What is the best route for the delivery person to drop off packages to minimize the time needed to deliver all the packages?			√
6. How many Valentine’s Day cards should Hallmark print to maximize expected profit?			√
7. How will marketing affect the daily sales of a product?		√
8. How can a company minimize the cost of shipping products from plants to customers?			√
9. How can I schedule my workforce to minimize operating costs?			√
10. What was the average purchase price for new customers last year??	√

4. Perform a personal SWOT analysis for your career plan, based on your current skills, talents, and knowledge. Use following SmartArt and fill the details. [5 pts.]

Opportunities
1.
2.
3.
4.


Threats
1.
2.
3.
4.


Weaknesses
1.
2.
3.
4.


Strengths
1. Problem solving skill
2. Time management skill
3.
4.