5. (LO 1.5) For each business analytics question below, identify the questions it is answering.

Choose from this list:

a. What happened? What is happening?

b. Why did it happen? What are the causes of past results?

c. Will it happen in the future? What is the probability something will happen? Can we forecast what will happen?

d. What should we do, based on what we expect will happen? How do we optimize our performance based on potential constraints?

e. How can we continuously learn using artificial intelligence? Can we learn from past and current events with adaptive learning?

Business Analytics Question Question Type

(Indicate letter

a,

b, c,

d, or e)

What are the key characteristics of the customers who purchased from us last year?

Why did Delta Airlines’ on-time departures improve this past month?

What is the expected return on an investment in stocks instead of bonds, based on what we expect will happen?

Can we predict how long it will take our vendor to get its products to our distribution center?

Why did our company’s import taxes increase last year?

What are the expected sales of bananas next year at the Kroger chain of grocery stores?

Could a computer learn from decisions made by inventory managers in order to auto-order supplies whose stock is dwindling?