Question: 1. What is the difference between a target and a class? 4. Using Exhibit 3-1 as a guide, what are two data approaches associated with

1. What is the difference between a target and a class?

4. Using Exhibit 3-1 as a guide, what are two data approaches associated with the descriptive analytics approach?

5. Using Exhibit 3-1 as a guide, what are four data approaches associated with the diagnostic analytics approach?

8. How is similarity matching different from clustering?

1. What is the difference between a target and a class?4. Using

EXHIBIT 3-1 Four Main Types of Data Analytics Value Information Descriptive Diagnostic Predictive Prescriptive Optimization Hindsight Analytics Analytics Analytics Analytics Foresight Difficulty

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