Find Interview Questions for Accenture analytics

Right Answer:
The purpose of feature engineering in data analysis is to create, modify, or select variables (features) that improve the performance of machine learning models by making the data more relevant and informative for the analysis.

Right Answer:
Data normalization is the process of organizing data in a database to reduce redundancy and improve data integrity. It involves structuring the data into tables and defining relationships between them. Normalization is important because it helps eliminate duplicate data, ensures data consistency, and makes it easier to maintain and update the database.

Right Answer:
1. Remove duplicates
2. Handle missing values
3. Correct inconsistencies
4. Standardize formats
5. Filter out irrelevant data
6. Validate data accuracy
7. Normalize data if necessary

Right Answer:
Correlation is a statistical measure that indicates the extent to which two variables fluctuate together, while causation implies that one variable directly affects or causes a change in another variable.

Right Answer:
Outliers are data points that significantly differ from the rest of the dataset. They can skew results and affect statistical analyses. To handle outliers, you can:

1. Identify them using methods like the IQR (Interquartile Range) or Z-scores.
2. Remove them if they are errors or irrelevant.
3. Transform them using techniques like log transformation.
4. Use robust statistical methods that are less affected by outliers.
5. Analyze them separately if they provide valuable insights.

Right Answer:
The fields used for Project Planning in MS Project include:

1. Task Name
2. Duration
3. Start Date
4. Finish Date
5. Predecessors
6. Resources
7. Percent Complete
8. Work
9. Cost
10. Milestones

Right Answer:
To depict dependency in MS Project, you can link tasks by selecting the tasks you want to connect, then clicking on the "Link Tasks" button in the toolbar or using the shortcut Ctrl + F2. This creates a finish-to-start dependency by default. You can also adjust the type of dependency (finish-to-start, start-to-start, finish-to-finish, or start-to-finish) by double-clicking on the task and modifying the "Predecessors" tab.

Right Answer:
MS Project is used for project management to plan, schedule, and track project progress, allocate resources, manage budgets, and analyze workloads.

Right Answer:
To analyze data for different formats like pivot tables and matching datasets, you should:

1. **Identify Key Variables**: Determine the key fields that will be used for matching and pivoting.
2. **Clean the Data**: Ensure that the data is free from duplicates, errors, and inconsistencies.
3. **Use Pivot Tables**: Create pivot tables to summarize and analyze the data by aggregating values based on categories.
4. **Match Data**: Use functions like VLOOKUP or JOIN operations in SQL to match data from different sources based on the identified key variables.
5. **Validate Results**: Check the accuracy of the matched data and the pivot table outputs to ensure they meet business requirements.

Right Answer:
Yes, banks face significant challenges from money laundering when attracting deposits. Money laundering can lead to reputational damage, regulatory penalties, and financial losses. Banks must implement strict compliance measures and due diligence processes to detect and prevent illicit activities, which can complicate their efforts to attract legitimate deposits.

Right Answer:
We need to look at the cost of production, pricing strategy, marketing expenses, inventory management, and potential discounts or promotions affecting profit margins.

Right Answer:
I would first identify the reasons for their lack of productivity through one-on-one conversations. Then, I would provide support, set clear expectations, and offer resources or training if needed. If the situation doesn't improve, I would consider reassigning their tasks or discussing further actions with management.

Right Answer:
The revenue potential of a new pharmaceutical product is influenced by factors such as market demand, pricing strategy, competition, regulatory approval, patent protection, marketing effectiveness, target patient population, distribution channels, and reimbursement policies.

Right Answer:
Offering a financing option can attract more customers by making the luxury car more affordable, potentially increasing sales. It can also enhance customer loyalty and improve cash flow for the manufacturer. However, it's important to assess the risks of default and ensure that the financing terms are favorable for both the company and the customers.

Right Answer:
In my previous job, we faced a sudden server outage that affected our clients' access to services. I quickly gathered the team, assessed the situation, and prioritized tasks. We communicated with clients about the issue and worked collaboratively to restore the server. I remained calm and focused, ensuring everyone knew their responsibilities, which helped us resolve the crisis efficiently.

Right Answer:
Beams are structural elements that support loads and span between supports, typically used in buildings and bridges. Panels refer to flat sections of materials, often used in walls or ceilings, that can provide structural support or aesthetic finishes. Experience in this context usually refers to practical knowledge and skills gained through working on projects involving beams and panels.

Right Answer:
In my previous job, I worked as a Project Manager where I was responsible for planning, executing, and closing projects. I coordinated with cross-functional teams, managed budgets, and ensured that projects were delivered on time and met quality standards.

Right Answer:
The prepaid card transaction life cycle includes the following steps:

1. **Card Issuance**: The card is issued to the customer after loading funds onto it.
2. **Activation**: The card must be activated by the user before it can be used.
3. **Transaction Initiation**: The cardholder uses the card to make a purchase or transaction.
4. **Authorization**: The transaction request is sent to the card network for authorization.
5. **Verification**: The network checks if sufficient funds are available and verifies the transaction details.
6. **Approval/Decline**: The transaction is either approved or declined based on the verification.
7. **Settlement**: If approved, the transaction amount is deducted from the card balance and settled with the merchant.
8. **Transaction Completion**: The merchant receives confirmation, and the transaction is completed.
9. **Balance Update**: The card balance is updated to reflect the transaction.

This cycle repeats for each transaction made with

Right Answer:
I appreciate your interest in working with Petrofac. Please share your relevant skills and experience that align with the company's projects and values.

Right Answer:
The primary purpose of a procurement management plan is to outline how project procurement will be managed, including the processes for acquiring goods and services, defining roles and responsibilities, and establishing timelines and budgets for procurement activities.