Explain each of the following terms: a. Descriptive analytics. b. Predictive analytics c. Data mining. d. Prescriptive
Question:
Explain each of the following terms:
a. Descriptive analytics.
b. Predictive analytics
c. Data mining.
d. Prescriptive analytics.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
a Descriptive analytics are graphical summaries of data inte...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Business Statistics In Practice Using Data Modeling And Analytics
ISBN: 9781259549465
8th Edition
Authors: Bruce L Bowerman, Richard T O'Connell, Emilly S. Murphree
Question Posted:
Students also viewed these Mathematics questions
-
Explain each of the following terms: a. Undercoverage b. Nonresponse c. Response bias
-
Explain each of the following terms: a. Undercoverage b. Nonresponse c. Response bias
-
Explain each of the following terms: a. Descriptive statistics. b. Statistical inference. c. Random sample. d. Process. e. Statistical model.
-
The hemispherical dome in Fig P2.91 weighs 30 kN and is filled with water and attached to the floor by six equally spaced bolts. What is the force in each bolt required to hold the dome down? cm e m...
-
Wendy's restaurant has been recognized for having the fastest average service time among fast food restaurants. In a benchmark study, Wendy's average service time of 2.2 minutes was less than those...
-
On January 1, 2011, Adams Corporation signed a 5-year non-cancelable lease for a machine. The terms of the lease called for Adams to make annual payments of $9,968 at the beginning of each year,...
-
The following TI-84 Plus display presents the results of a test of the null hypothesis H0 : 1 = 0. a. What is the alternate hypothesis? b. What is the value of the test statistic? c. How many degrees...
-
Sager Company manufactures variations of its product, a technopress, in response to custom orders from its customers. On May 1, the company had no inventories of goods in process or finished goods...
-
Enos Printing Corp. uses a job order cost system. The following data summarize the operations related to the ?rst quarter's production. 1. Materials purchased on account $192,000, and factory wages...
-
A study reports an analysis of 35 key product categories. At the time of the study, 72.9% of the products sold were of a national brand, 23% were private label, and 4.1% were generic. Suppose that...
-
A bank manager has developed a new system to reduce the time customers spend waiting to be served by tellers during peak business hours. Typical waiting times during peak business hours under the...
-
Discuss the basic ideas of a. Anomaly (outlier) detection. b. Association learning. c. Classification. d. Cluster detection. e. Prediction. f. Factor detection.
-
A project has the following estimated data: price = $54 per unit; variable costs = $36 per unit; fixed costs = $19,300; required return = 12%; initial investment = $26,800; life = four years....
-
A small company used a total of $10,000 in resources to provide $15,000 in services, while its competitor used a total of $15,000 in resources to provide twice the value in services during the same...
-
A bank has just received an electronic signal that one of its ATMs is out of service due to a lack of cash to distribute. The bank must decide whether to send a courier to restock the ATM immediately...
-
You are the overnight shift manager at a large resort hotel and need to complete next week's work schedule for distribution to your employees. During your shift, someone calls to report a strong...
-
Should the value statement of an organization always match the values of its customers?
-
List six factors that may result in an auditor's independence being compromised in fact or in appearance.
-
Use the given figure and rotation point P to construct the indicated rotations. Show the figure in the positions both before and after the rotation. Use the following figure. Construct A 90 rotation...
-
The Alert Company is a closely held investment-services group that has been very successful over the past five years, consistently providing most members of the top management group with 50% bonuses....
-
Classify following as nominal-level, ordinal-level, interval-level, or ratio-level measurement. Leap years: . . . 2016, 2020, 2024, . . .
-
Distances communication satellites in orbit are from Earth Classify following as nominal-level, ordinal-level, interval-level, or ratio level measurement.
-
Scores on a statistical final exam Classify following as nominal-level, ordinal-level, interval-level, or ratio-level measurement.
-
What are the functions of organizational culture? Use your own experience in an organization (workplace, school, gym, etc.) to explain how organizational culture contributes either positively or...
-
In 2 0 2 4 , Bratten Fitness Company made the following cash purchases: The exclusive right to manufacture and sell the X - Core workout equipment from Symmetry Corporation for $ 2 1 8 , 0 0 0 ....
-
Organizational Culture and International Expansion Instructions Your initial post should answer the following questions: How does the national culture of an organization affect the way the...
Study smarter with the SolutionInn App