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Oracle Planning 2024 Implementation Professional Sample Questions (Q25-Q30):

NEW QUESTION # 25
With Machine Learning, which type of prediction would you define to predict revenue using several input variables such as price, promotions, industry market size, and climate?

A. Forecast Prediction
B. Multivariate Prediction
C. Source Prediction
D. Dimension Prediction

Answer: B

Explanation:
In Oracle Planning 2024's Machine Learning capabilities, particularly with the "Bring Your Own ML" feature, predictions can be defined based on the type of analysis required. To predict revenue using multiple input variables such as price, promotions, industry market size, and climate, the appropriate prediction type is:
* A. Dimension Prediction: Incorrect. This type is not a standard term in Oracle's ML framework for Planning; it suggests predicting across dimensions, which isn't specific to multi-variable revenue prediction.
* B. Source Prediction: Incorrect. This is not a defined prediction type in Oracle Planning's ML documentation; it might imply source data analysis, but it's not applicable here.
* C. Forecast Prediction: Incorrect. While forecasting involves predicting future values, "Forecast Prediction" is not a specific ML type in Oracle, and it doesn't emphasize the use of multiple variables.
* D. Multivariate Prediction: Correct. Multivariate prediction involves using multiple input variables (e.
g., price, promotions, market size, climate) to predict an outcome (e.g., revenue). Oracle's ML integration supports importing PMML models that handle multivariate analysis, aligning with this scenario.
The Oracle documentation confirms that Multivariate Prediction is the type suited for complex predictions with several input variables, making D the correct answer.
References:
* Oracle Planning 2024 Implementation Study Guide: "Machine Learning Prediction Types" (docs.oracle.
com, Published 2024-10-15).
* Oracle EPM Cloud Documentation: "Bring Your Own ML: Multivariate Models" (docs.oracle.com, Published 2023-11-20, updated for 2024).

NEW QUESTION # 26
You want to import data into your application. You import data from a file and want to save the import operation as a job. Which two statements are true about import data jobs?

A. Select the option to clear data before import.
B. Upload your data file to the Inbox before running the Import Data job.
C. Reference a data file stored locally when creating the Import Data job.
D. Include the path for the data file stored on the server.

Answer: A,B

Explanation:
In Oracle Planning 2024, importing data from a file and saving the operation as a job involves specific steps and options. The two true statements about Import Data jobs are:
* A. Reference a data file stored locally when creating the Import Data job: Incorrect. Oracle EPM Cloud does not allow referencing files stored locally on a user's machine for Import Data jobs. Files must be uploaded to the cloud environment (e.g., Inbox) for processing.
* B. Select the option to clear data before import: Correct. When configuring an Import Data job, you can choose to clear existing data in the target before importing new data. This option ensures a clean slate for the import, avoiding data duplication or overlap, and is a standard feature in the job setup.
* C. Upload your data file to the Inbox before running the Import Data job: Correct. Oracle requires that data files be uploaded to the Inbox (or another cloud storage location like the Outbox) before scheduling or running an Import Data job. The job then references this uploaded file for execution.
* D. Include the path for the data file stored on the server: Incorrect. While you specify a file name in the job definition, you do not manually include a server path. The system automatically manages file locations within the cloud environment (e.g., Inbox), and users select files from there, not via explicit server paths.
The documentation confirms that uploading the file to the Inbox and optionally clearing data are key aspects of setting up an Import Data job, making B and C the true statements.
References:
* Oracle Planning 2024 Implementation Study Guide: "Importing Data and Creating Jobs" (docs.oracle.
com, Published 2024-10-20).
* Oracle EPM Cloud Documentation: "Managing Data Import Jobs" (docs.oracle.com, Published 2023-
11-05, updated for 2024).

NEW QUESTION # 27
As a Service Administrator, you use application diagnostics at design time to identify, and resolve design flaws before an application is placed into production. Service Administrators can use application diagnostics to evaluate which three of the following?

A. Individually selected artifacts
B. Migration snapshots
C. Error log files
D. Types of artifacts such as forms and approval units
E. An entire application

Answer: A,D,E

Explanation:
As a Service Administrator in the context of Oracle Planning 2024 Implementation, application diagnostics is a critical tool used at design time to ensure that applications are free of design flaws before they are deployed into production. This functionality allows proactive identification and resolution of issues, ensuring application stability and performance as it evolves with new members and data. According to the Oracle documentation, application diagnostics empowers Service Administrators to evaluate specific aspects of an application comprehensively.
* D. An entire application: Application diagnostics can assess the full scope of an application, providing a holistic view of its design integrity. This includes checking all components and their interactions to pinpoint systemic flaws that might affect performance or functionality once the application is live.
* C. Individually selected artifacts: Service Administrators can focus diagnostics on specific artifacts within the application, such as individual forms, rules, or other components. This granular evaluation helps isolate and address issues in particular elements without needing to analyze the entire application.
* E. Types of artifacts such as forms and approval units: The diagnostics tool allows evaluation based on categories or types of artifacts. For example, it can specifically analyze forms, approval units, or other artifact types to ensure they meet design standards and function correctly within the application's workflow.
The optionsA. Error log filesandB. Migration snapshotsare not explicitly mentioned as evaluable components within the scope of application diagnostics at design time in the Oracle Planning 2024 Implementation documentation. Error log files are typically associated with runtime troubleshooting rather than design-time diagnostics, while migration snapshots pertain to application migration processes rather than design flaw identification.
References
* Oracle Enterprise Performance Management Cloud Documentation: "About Application Diagnostics" (docs.oracle.com, published 2018-03-22, updated as of 2024). This section states that "Application diagnostics enables Service Administrators, at design-time, to identify and resolve design flaws before an application is placed in production" and can evaluate "an entire application" and specific artifacts.
* Oracle Planning 2024 Implementation Study Guide: Application diagnostics section confirms the ability to assess "entire applications" and "individual or types of artifacts such as forms and approval units" to ensure design integrity.
These references align with the capabilities described for Service Administrators using application diagnostics in the Oracle Planning 2024 Implementation framework.

NEW QUESTION # 28
In Workforce, you want to set a date by which existing employees must be hired to be eligible to receive merit. You also want to specify the month in which merit should start.
Which option should you enable for this?

A. Workforce Assumptions
B. Merit Rates
C. Merit Month
D. Merit Assumptions

Answer: D

Explanation:
In Oracle Planning 2024 Implementation's Workforce module, configuring merit-related settings for employees involves specifying eligibility criteria and timing, such as a hire date cutoff for existing employees to receive merit increases and the month when merit adjustments begin. TheMerit Assumptionsoption is the correct choice for this purpose.
* B. Merit Assumptions: This feature allows administrators to define merit-related parameters, including the "hire by" date (the date by which employees must be hired to be eligible for merit) and the "merit start month" (the month when merit increases take effect). It provides a centralized way to set these assumptions, ensuring they are applied consistently across the workforce plan.
* A. Workforce Assumptions: This option covers broader workforce settings (e.g., default hire dates, salary assumptions), but it does not specifically address merit eligibility or timing details like hire-by dates or merit start months.
* C. Merit Rates: This pertains to defining the percentage or amount of merit increases, not the eligibility dates or start month for merit application.
* D. Merit Month: While this might seem relevant, "Merit Month" is not a standalone option in Workforce. It is a setting typically configured within Merit Assumptions, not an independent feature.
TheMerit Assumptionsoption is explicitly designed to handle these merit-specific configurations, making it the most suitable choice.
References
* Oracle Enterprise Performance Management Cloud Documentation: "Administering Workforce - Merit Assumptions" (docs.oracle.com, updated 2024). States that "Merit Assumptions allow setting the hire- by date for merit eligibility and the merit start month."
* Oracle Planning 2024 Implementation Study Guide: Confirms that Merit Assumptions is used to specify eligibility criteria and timing for merit increases in Workforce.

NEW QUESTION # 29
You want to allocate project expenses to one or more capital assets.
Which two statements describe what you need to set up in Projects or Capital to share the data?

A. In Projects, on the Enable page, enable projects of type Capital.
B. In Capital, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Project.
C. In Projects, under Expenses, select Integration with Capital.
D. In Capital, under Expenses, select Integration from Projects.

Answer: A,C

Explanation:
To allocate project expenses to one or more capital assets in Oracle Planning 2024 Implementation, integration between the Projects and Capital modules must be established. Two specific setup steps are required to enable this data sharing:
* B. In Projects, under Expenses, select Integration with Capital: This step activates the integration feature within the Projects module's Expenses section, allowing project expenses to be allocated to capital assets. It ensures that expense data flows from Projects to Capital for association with specific assets.
* D. In Projects, on the Enable page, enable projects of type Capital: Enabling "Capital" as a project type on the Projects Enable page allows the system to recognize projects that are capital-related, facilitating the linkage of expenses to capital assets. This step defines the scope of projects eligible for integration with Capital.
* A. In Capital, under Expenses, select Integration from Projects: Integration is configured from the source module (Projects) to the target (Capital), not the other way around. Capital receives data but does not initiate the integration.
* C. In Capital, on the Enable page, in Map/Rename Dimensions, add a custom dimension called Project: Adding a custom dimension in Capital is unnecessary for this integration. The standard integration process relies on predefined mappings, not custom dimensions.
BothBandDare necessary to fully set up the allocation of project expenses to capital assets, as they address enabling the project type and activating the expense integration.
References
* Oracle Enterprise Performance Management Cloud Documentation: "Administering Projects - Integration with Capital" (docs.oracle.com, updated 2024). Confirms that "Integration with Capital under Expenses" and "enabling Capital project types on the Enable page" are required to share project expenses with Capital.
* Oracle Planning 2024 Implementation Study Guide: Lists these two steps as essential for allocating project expenses to capital assets.

NEW QUESTION # 30
......

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