Question: In which one do we use past data to forecast the future? Group of answer choices Descriptive analytics Decision analysis Predictive analytics Prescriptive analytics

In which one do we use past data to forecast the future? Group of answer choices Descriptive analytics Decision analysis Predictive analytics Prescriptive 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 Mathematics Questions!

Which one of the 4 types of big data analytics is intended to answer the question, "What happened?" Group of answer choices descriptive analytics diagnostic analytics predictive analytics...

Which of the following is NOT a type of Analytics? Group of answer choices Descriptive Analytics Quantitative Analytics Which of the following are Data Analysis Techniques? (Select all correct...

Analyzing past performance in an effort to predict the future by examining historical data, detecting patterns or relationships in these data, and then extrapolating these relationships forward in...

according to Peter Olden's Management of Healthcare Organizations-An Introduction: Data analytics at a large healthcare system is likely to include all of the following except what? Group of answer...

Which kind of analytics make the most significant use of statistical modeling and machine learning algorithms? Group of answer choices Predictive analytics Descriptive analytics BI analytics...

An analytic approach that focuses on understanding what has happened in the past is Group of answer choices descriptive analytics. prescriptive analytics. data analytics. predictive analytics.

Focus: Testing the Emerging Trends Articles Question: Match the following terms. Group of answer choices predictive analytics why is something happening? prescriptive analytics [ Choose ] root cause...

Match the description of the financial statement analysis technique to the data analytics type: Descriptive analytics Diagnostic analytics Predictive analytics Prescriptive analytics Financial...

Which one is NOT true? Group of answer choices Predictive analytics ignores the past data for future projections. Best possible business decisions and actions are the outcome of prescriptive...

Match the description of the tax analysis question to the data analytics type: Descriptive analytics Diagnostic analytics Predictive analytics Prescriptive analytics Tax Analysis Question 1. What is...

The etiology of high blood pressure remains a subject of active investigation. One widely accepted hypothesis is that excessive sodium intake adversely affects blood-pressure outcomes. To explore...

y = 3(5)x Graph the equation by hand.

Identify a population of your choice that has experienced trauma: Natural Disasters, Veterans, Victims of Domestic Violence or Rape - or another group of your choice. First, summarize the issues...

1. (a) Find the roots of the equation 23 + 2 2/3i = 0.