Question: Required: Select the analytics type (descriptive, diagnostic, predictive and prescriptive) to the example questions. Example Questions Can we forecast future revenues/cash flows/earnings with reasonable
Required: Select the analytics type (descriptive, diagnostic, predictive and prescriptive) to the example questions. Example Questions Can we forecast future revenues/cash flows/earnings with reasonable accuracy? Should the company make its products or outsource to other producers? How much did we pay in federal taxes last year? How can the computation of price variance and labor rate variance help determine root cause of the operational results? Will the company be profitable if its pharmaceutical product is approved by the FDA? How big is the difference between taxable income and net income? Type of Analytics Predictive Analytics
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
