Question: Define BI
Relevant QuestionsList and describe the major components of BI.What is prescriptive analytics? What kind of problems can be solved by prescriptive analytics?Survey the literature from the past six months to find one application each of DSS, BI, and analytics. Summarize the applications on one page and submit it with the exact sources1. How is predictive analytics applied in Money ball?2. What is the difference between objective and subjective approaches in decision making? List and briefly describe Simon’s four phases of decision making.
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