Descriptive Analytics

question 13

Multiple Choice

Descriptive analytics:

• A) can predict risk and find relationships in data not readily apparent with traditional analyses.
• B) helps companies classify their customers into segments to develop specific marketing campaigns.
• C) helps detect hidden patterns in large quantities of data to group data into sets to predict behavior.
• D) can use mathematical techniques with optimization to make decisions that take into account the uncertainty in the data.

Understand various evaluation measures for training programs.

Distinguish between affective and utility reaction measures in training evaluations.

Recognize the importance and challenges of measuring training effectiveness through different stages and metrics, including ROI and behavioral changes.

Understand the distinction between formative and summative evaluations in the context of training programs.

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Definitions:

Departmental Heads

Leaders or managers in charge of specific departments within an organization, responsible for the direction and performance of their areas.

Top Management

The highest level of executives and administrators responsible for setting strategic goals and making critical business decisions for an organization.

Market Value

The current price at which an asset or service can be bought or sold.

Downsizing

Downsizing refers to the reduction of a company's workforce or the scaling back of its operations to decrease expenses and increase efficiency.