Question: Compare and contrast predictive and descriptive analytics from a managerial decision-making perspective. Discuss a scenario in which simulation would be a preferred analytical approach over
Compare and contrast predictive and descriptive analytics from a managerial decision-making perspective. Discuss a scenario in which simulation would be a preferred analytical approach over regression to support the decision-making cycle and explain your rationale for choosing simulation. Conclude your reflection with some remarks on your current confidence level in leading a business case where simulation or regression would be a useful technique.
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