Introduction to Business Analytics

Homework #1: Introduction to Business Analytics=========================
Submit your solution (in a .pdf, or .txt file) to the Blackboard tion and
risk analysis
Statistics
Stochastic (probabilistic) model
Tag cloud
Uncertainty
Validity
Visualization
What-if analysis
Good Luck!
Homework #1: Introduction to Business Analytics
=========================
Submit your solution (in a .pdf, or .txt file) to the Blackboard on or before the due date.
Pick and define 10 key terms from the given list below. Use at least 30 words for each definition.
Please cite your sources if external resources other than textbooks are used.
Algorithm
Big data
Business analytics(analytics)
Business intelligence (BI)
Constraint
Data mining
Decision model
Decision options(decision variables)
Decision support systems(DSS)
Descriptive analytics
Deterministic model
Information systems(IS)
Modeling and optimization
Objective function
Operations Research/Management Science (OR/MS)
Optimal solution
Optimization
Predictive analytics
Prescriptive analytics
Price elasticity
Reliability
Risk
Search algorithm
Simulation and risk analysis
Statistics
Stochastic (probabilistic) model
Tag cloud
Uncertainty
Validity
Visualization
What-if analysis
Good Luck!