Question: Predictive and prescriptive analytics provide less deterministic output and more probabilistic models ( judging the likelihood ( probability ) of a future event or outcome

Predictive and prescriptive analytics provide less deterministic output and more probabilistic models (judging the likelihood (probability) of a future event or outcome occurring) as compared to descriptive and diagnostic analytics.
Group of answer choices
false
true

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:

Predictive and prescriptive analytics provide less deterministic output and more probabilistic models ( judging the likelihood ( probability ) of a future event or outcome occurring ) as compared to...

Q:

What provides less deterministic output and more probabilistic models judging the likelihood ( probability ) of a future event or outcome occurring? Multiple Choice Descriptive analytics Diagnostic...

Q:

Predictive and prescriptive analytics provide __________ deterministic output and __________ probabilistic models (judging the likelihood (probability) of a future event or outcome occurring) as...

Q:

As compared to descriptive and diagnostic analytics, predictive and prescriptive analytics provide deterministic output and rely on probabilistic models. Multiple Choice more; less less; more less;...

Q:

!Help me please. (e) Revolution comes, and all taxes and subsidies are abolished. Even better, the consumer finds a new shop that offers bulk discounts. In this shop, footballs cost $4 each if you...

Q:

HR How to ensure machine learning algorithms do not learn the same mistakes and biases that currently affect the recruiting process? 8 RECRUITMENT In this chapter we will turn our attention to the...

Q:

HR How would you measure the efficiency and effectiveness of new methods of recruiting vs the traditional methods? 8 RECRUITMENT In this chapter we will turn our attention to the application of HR...

Q:

HR Will an Artificial Intelligence-based system be able to recruit more accurately than managers? What are the potential advantages and risks of automated recruiting? 8 RECRUITMENT In this chapter we...

Q:

Chapter 3 Describe and explain the terms climate sensitivity, fat tail, and low beta, and how they relate to climate change. What are the estimated economic costs of global warming? Can we trust...

Q:

TOPIC: Descriptive, Prescriptive and Predictive Analytics Background Read Pearson Chapter 1 - Overview of Business Intelligence , Analytics and Data Science Descriptive Analytics is a preliminary...

Q:

The graphs of x = 8, y = f(r) (solid) and y = g(z) (dashed) are shown; the graph is not drawn to scale. B Region One Q The intersection points are A = (8,3), B = (8,6), and C = (5,5). Suppose Region...

Q:

In year 1, a firm had cash and cash equivalents of $100,000, accounts receivable of $25,000, and inventories of $13,000. In year 2, it had cash and cash equivalents of $80,000, accounts receivable of...

Q:

8. It is false that some forms of human creativity are activities amenable to mathematical analysis. Th erefore, it is false that all forms of human creativity are activities amenable to mathematical...

Q:

2. The force of interest 8 is a function of time and at any time t, measured in years, is given by the formula: 8(t) = 0.02 +0.0020 8(t) = 0.03 +0.005t Osts5 5 st s 10 a) Calculate the discount...