Question: Explain each of the following terms: a. Descriptive analytics. b. Predictive analytics c. Data mining. d. Prescriptive analytics.

Explain each of the following terms:

a. Descriptive analytics.

b. Predictive analytics

c. Data mining.

d. Prescriptive analytics.

Step by Step Solution

★★★★★

3.39 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a Descriptive analytics are graphical summaries of data inte... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Business Statistics Questions!

Q:

Explain each of the following terms: a. Undercoverage b. Nonresponse c. Response bias

Q:

Explain each of the following terms: a. Undercoverage b. Nonresponse c. Response bias

Q:

Explain each of the following terms: a. Descriptive statistics. b. Statistical inference. c. Random sample. d. Process. e. Statistical model.

Q:

**PLEASE ANSWER ALL QUESTIONS** Question 46 (3 points) Which one of the following statements is true? Question 46 options: a) Data is descriptive and information is data converted into a meaningful...

Q:

Name Dan Misa Of the three branches of business analytics, which is about our decision about the future? a . Descriptive analytics b . Predictive analytics c . Prescriptive analytics The question...

Q:

Beijing China the subway is one of busiest subway systems in the world and there are many pickpocketers. The police asked for help. The first stage of the project was communicate with policeman....

Q:

Which data analytics technique is used to make predictions about future events based on historical data? A ) Descriptive analytics B ) Predictive analytics C ) Prescriptive analytics D ) Diagnostic...

Q:

Which of the following is NOT a type of analytics used to turn big data into information for business use? Select one: a . descriptive analytics b . predictive analytics c . prescriptive analytics d...

Q:

MARKETING MANAGEMENT SUBJECT Zus Zips is an apparel company just starting to analyse new data. Which approach would be the appropriate first step before employing more complex analyses? A)...

Q:

When raw data is collected it provides the basis for ______________ . Question 21 options: a) descriptive analytics b) predictive analytics c) diagnostic analytics d) prescriptive analytics e) None...

Q:

A mass weighing 4 pounds stretches a spring 2 feet and an impressed force f (t) = e-4tt2 acts on the system for 0

Q:

For work done during August, Ohir Company incurred direct materials costs of $120,000 and conversion costs of $260,000. The company employs a JIT operating philosophy and backflush costing. At the...

Q:

$ 1 9 , 0 0 0 and prior to his death made permanent improvements of $ 6 , 0 0 0 . What is Tobin's basis in the land? a . $ 3 2 5 , 0 0 0 b . $ 1 9 , 0 0 0 c . $ 3 0 0 , 0 0 0 d . $ 2 5 , 0 0 0

Q:

2 Which forecasting technique (i.e., technical, fundamental, or market-based) would be easiest to use in forecasting the future value of the baht? Why?

Q:

Classify following as nominal-level, ordinal-level, interval-level, or ratio-level measurement. Leap years: . . . 2016, 2020, 2024, . . .

Q:

Distances communication satellites in orbit are from Earth Classify following as nominal-level, ordinal-level, interval-level, or ratio level measurement.

Q:

Scores on a statistical final exam Classify following as nominal-level, ordinal-level, interval-level, or ratio-level measurement.

Q:

39. Per the Fraud Examiners Manual, the federal civil justice rules provide 43. P to that the complaint should be a A. lengthy, but precise statement. B. lengthy and detailed listing of all the...

Q:

Please answer both parts of this question. Carla Vista Corp. management is planning to spend $650,000 on a new marketing campaign. They believe that this action will result in additional cash flows...

Q:

Suppose a stock had an initial price of $91 per share, paid a dividend of $1.80 per share during the year, and had an ending share price of $108. Requirement 1: Compute the percentage total return. (...