DBB3102 BUSINESS ANALYTICS BBA 5

Description

SESSION	JULY-AUG 2025
PROGRAM	BACHELOR OF BUSINESS ADMINISTRATION (BBA)
SEMESTER	V
COURSE CODE & NAME	DBB3102 BUSINESS ANALYTICS

 

 

Assignment Set – 1

 

 

1. Describe how Business Analytics can help an organization improve its operational efficiency. 10

Ans 1.

Business Analytics (BA) is the process of collecting, analyzing, and interpreting data to support decision-making and improve business performance. It transforms raw data into actionable insights that help organizations identify inefficiencies, forecast trends, and optimize operations. In the era of digital transformation, business analytics has become a critical tool for achieving operational excellence and competitive advantage.

Enhancing Decision-Making

One of the most significant contributions of business analytics is its ability to support data-driven decision-making. Managers can use real-time data to identify performance gaps, allocate resources efficiently

 

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2. How can data updating ensure the accuracy and reliability of data? 10

Ans 2.

Data is the foundation of business analytics and decision-making. However, the value of data depends on its accuracy, completeness, and timeliness. Outdated or incorrect data can lead to flawed analysis, poor decisions, and financial losses. Therefore, regular data updating plays a vital role in maintaining accuracy and reliability, ensuring that organizations operate with the most current and valid information.

Maintaining Data Accuracy

Accuracy refers to the

 

3. Discuss how mobile and location-based Market Basket Analysis could be used in the future. 10

Ans 3.

Market Basket Analysis (MBA) is a data mining technique used to identify associations between products based on customer purchase patterns. When integrated with mobile and location-based technologies, MBA offers businesses unprecedented opportunities to personalize marketing strategies. As mobile devices become central to consumer lifestyles, location-based MBA represents the future of predictive and contextual marketing.

Mobile Market

 

Assignment Set – 2

 

 

4. Discuss in detail how decision trees work in classification problems? 10

Ans 4.

Introduction

A decision tree is one of the most popular and intuitive tools used in classification and prediction problems. It is a supervised learning algorithm that visually represents decisions and their possible outcomes in a tree-like structure. Each internal node of the tree represents a condition or feature, each branch represents a possible outcome, and each leaf node corresponds to a final classification or decision.

Structure

 

5. Explain Data Mining Process? 10

Ans 5.

Data mining is the process of discovering meaningful patterns, correlations, and insights from large volumes of data. It plays a vital role in business analytics by transforming raw data into actionable knowledge. The data mining process combines statistical analysis, artificial intelligence, and machine learning to support decision-making across industries such as finance, retail, healthcare, and

 

 

6. Discuss some of the challenges that organizations may face in managing data. 10

Ans 6.

In today’s data-driven world, organizations generate vast amounts of information from multiple sources such as customers, suppliers, and digital platforms. Managing this data efficiently is crucial for decision-making and operational success. However, organizations often face several challenges related to volume, quality, integration, and security of data.

1. Data Volume and Storage