1 What is predictive analytics? What kinds of problems can be solved by using predictive analytics? 2...

Fantastic news! We've Found the answer you've been seeking!

Question:

1 What is predictive analytics? What kinds of problems can be solved by using predictive analytics?

2 Give and explain an example of analytics application from the transport industry?

Related Book For answer-question

Transport Operations

ISBN: 9780470115398

2nd Edition

Authors: Allen Stuart

See More Books

Posted Date: Oct 31, 2022 02:14 AM

See More Questions

What is prescriptive analytics? What kind of problems can be solved by prescriptive analytics?
True or False: Some problems can be solved through recursion only.
The preceding problems can be solved using the interest tables supplied in Appendix A. To test your ability to construct your own interest factors or to use the computer programs available with this...
What are the concepts of traditional and contemporary organizational design? Will these designs be influenced differently by management and the environment?
1. What are some strategic considerations in establishing a pay structure at Nutriment? 2. Should Jack suggest a pay policy to lead, lag or match the market? Explain your recommendation. 3. Explain...
In thermodynamics, for a system such as an enclosed gas, the internal energy $U(S, V)$ can be expressed in terms of the independent variables of entropy $S$ and volume $V$, such that \(d U=T d...
Zappos.com is a popular website known mainly for its discounted shoe sales. In 2012, a hacker hacked into the Zappos website in an effort to obtain the personal account information of Zappos...
The unadjusted trial balance of La Mesa Laundry at August 31, 2014, the end of the current fiscal year, is shown below. The data needed to determine year-end adjustments are as follows: a. Wages...
What is the interest earned on $350 invested 4 years at a 5% simple interest?If I put $1500 into my savings account and earned $180 of interest at 4% simple interest, how long was my money in the...
Omar is leading a weekly workshop series for his peers on how to be a successful student. Each week, he assigns a task for them to try and report back on next session. However, it seems like nobody...
Wyatt Oil has 8 million shares outstanding and is about to issue 10 million new shares in an IPO. The IPO price has been set at $15 per share, and the underwriting spread is 6%. The IPO is a big...
1. Explain why Simulation is used in place of Statistics or BIG DATA? 2. Simulation is said to be a way of creating Virtual Knowledge. Explain what this means. Refer to Inductive Reasoning in your...
1. WHAT ARE BUSINESS ETHICS? Why an organization should conduct its financial activities in an ethical way. This requirement extends to making ethical decisions. 2.What is Financial Management? 3.10...
READ THE INSTRUCTIONS AND NO PLAGlARISM FOR THE "BACKGROUND OF THE LITERATURE" YOU MUST USE YOUR 0WN PERSPECTIVE BASE ON WHAT YOU UNDERSTAND ON THE CHOSEN LITERATURE C. Types of Literature 1. Oral...
When it comes to achieving a sustainable competitive advantage, why is it important for firms to study their internal activities and resources? How can an understanding of these internal factors help...
Justify why Huawei needs to enhance the methods used to assess the stability of various currencies and long-term forecasting.
In December 2022, the U.S. dollar-euro exchange rate was 1.059 dollars per euro, and the U.S. dollar-Mexican peso rate was 0.051 dollars per peso. *Real-time data provided by Federal Reserve Economic...
Rewrite Programming Exercise 7.5 using streams. Display the numbers in increasing order. Data from Programming Exercise 7.5 Write a program that reads in 10 numbers and displays the number of...
Estimating the error in calculating the absorption rate, what is the maximum possible error in computing the absorption rate from Eq. 18.5-18, if the solubility of A in B is known within + 5% and the...
Volume flow rate through an annulus, a horizontal annulus, 27 ft in length, has an inner radius of 0.495 in. and an outer radius of 1.1 in. A 60% aqueous solution of sucrose (C 12 H 22 O 11 ) is to...
Determination of diffusivity (Fig. 22B.7) the diffusivity of water vapor in nitrogen is to be determined at a pressure of 1 atm over the temperature range from 0C to 100C by means of the "Arnold...
Explain the effect of each of these on the shape and position of the countrys production-possibility curve: a. A proportionate increase in the total supplies (endowments) of all factors of...
Why does the HeckscherOhlin theory predict that most research and development (R&D) activity is done in the industrialized countries?
A free-trade equilibrium exists in which the United States exports machinery and imports clothing from the rest of the world. The goods are produced with two factors: capital and labor. The trade...

1 What is predictive analytics? What kinds of problems can be solved by using predictive analytics? 2...

Question:

Expert Answer:

1 Predictive analytics is the branch of the advanced analytics which is used to make predictions about unknown future events using many techniques from data mining statistics modeling machine learning ... View the full answer

Transport Operations

Students also viewed these finance questions