Question: Describe, in your words, the difference between descriptive and predictive analytics. Some statistics show that nearly 80% of the analytics implemented use only descriptive, not

Describe, in your words, the difference between

Describe, in your words, the difference between descriptive and predictive analytics. Some statistics show that nearly 80% of the analytics implemented use only descriptive, not predictive or prescriptive. Why do you think that is

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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 General Management Questions!

In 2014, Dr. Michael Dulin, chief clinical officer for analytics and outcomes research and head of the Dickson Advanced Analytics (DA2) group at Carolinas Health Care System (CHS), was preparing for...

answer question 4 and 5 United Parcel Service Uses Three Types of Analytics service those customers. With so many variables to consider, it was practically impossible for drivers to optimize their...

I want you to summerize these 7 items. !Please be different from other answers! !Please get a little quick! Thanks. You should summarize the 7 items in the photo. Max 125 words! reading 1....

Answer question 2 and 3 United Parcel Service Uses Three Types of Analytics service those customers. With so many variables to consider, it was practically impossible for drivers to optimize their...

United Parcel Service Uses Three Types of Analytics The Problem United Parcel Service (UPS; www.ups.com) is a global organization, with 424,000 employees and nearly 100,000 vehicles. UPS drivers...

United Parcel Service Uses Three Types of Analytics service those customers. With so many variables to consider, it was practically impossible for drivers to optimize their routes. The Problem United...

Can you please answer this questions below QUESTION 1 The key to any successful report is clarity, ____, completeness, and correctness. a. actuality b. longevity c. brevity 2 points QUESTION 2 A is a...

You should summarize the 7 items in the photos. Max.250 words! !Different answer another chegg answer please! 1. Introduction currently missing from the literature (Trioman et al. 2010: De mirkan and...

Explain the difference between descriptive, predictive, and prescriptive analytics. Textbook: model is learned, current data can be fed into the model to forecast the probability of future outcomes....

Tami owns a 40% interest in the partnership profits. She has a $30,000 basis in the partnership before receiving a current distribution. She receives land having a $15,000 basis and a $20,000 FMV....

The stockholders equity accounts of Jajoo Corporation on January 1, 2011, were as follows. Preferred Stock (10%, $100 par noncumulative, 5,000 shares authorized) . $ 300,000 Common Stock ($5 stated...

When one firm merges with another, the: target firm will cease to exist as a separate public company. assets will be merged but the liabilities will not. merger must be approved by 7 5 % of the...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...