Question: helps in constructing a mathematical model to predict future sales, based on past data. Predictive analytics Decision analysis Prescriptive analytics Descriptive analytics

helps in constructing a mathematical model to predict future sales, based on past data.
Predictive analytics
Decision analysis
Prescriptive analytics
Descriptive analytics

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!

Q:

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....

Q:

How can marketing analytics be comprehensively defined? Marketing analytics uses past, personal experience to solve marketing business problems. Marketing analytics uses creativity to solve marketing...

Q:

please help me summarize this chapter summarize this chapter please g) whes din indring woont of ochgeful in s tem pai . 4 buy per 2 Puneing. Implementing and Evaluating Marketing Strategies e...

Q:

Match each data analytics category with its corresponding business context by dragging each tile and placing it in the table below. Data Analytics Category Business Context Descriptive A virus...

Q:

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....

Q:

Your insightful differentiation between data analytics and statistics underscores the nuanced yet critical distinctions between these two data - oriented disciplines. Statistics, with its focus on...

Q:

Your insightful differentiation between data analytics and statistics underscores the nuanced yet critical distinctions between these two data - oriented disciplines. Statistics, with its focus on...

Q:

Closing Case 1 Analytics in the National Basketball Association POM The Problem Historically the primary method of judging how well a player or team was performing was the eye test. This term refers...

Q:

Solid work responding to our discussion questions, Karen. You've provided a comprehensive breakdown of data analytics and statistics, as well as a detailed explanation of the three types of analytics...

Q:

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...

Q:

A firm earned pretax GAAP income of $150 in its first year of business. The firm reported $20 of accounts receivable at year-end because it did not collect $20 of sales in cash. The government has a...

Q:

On January 1, Klosterman Company issued $500,000, 10%, 10-year bonds at face value. Interest is payable semiannually on July 1 and January 1. Instructions Prepare journal entries to record the...

Q:

Investment banks get involved with mergers in all the following ways except to a . provide temporary financing to cover operations until a merger is completed. b . invest in the stocks of potential...

Q:

The annual demand for an item is 1,700 units. The order cost is $7. Unit cost is $8 and the unit holding cost per year is 18% of the item's value. The order quantity is 125 units. What are the total...