The four techniques for business analytics include descriptive analytics, diagnostic

analytics, predictive analytics, and prescriptive analytics. For each of the below exam$-$

ples, determine which analytical technique is being used.

Categorizing

Analytics

Example

Descriptive

Analytics

Diagnostic

Analytics

Predictive

Analytics

Prescriptive

Analytics

Which candidate will win the election?

What price for a product will maximize

profit?

How much money do I need to save

each year to have enough money for

retirement?

How many products were sold last year?

What is the best route for the delivery

person to drop off packages to minimize

the time needed to deliver all the

packages?

Why did the machine break down?

How many Valentine$$s Day cards should

Hallmark print to maximize expected

profit?

How will marketing affect the daily sales

of a product?

Why did seven people in the marketing

department quit?

How can a company minimize the cost

of shipping products from plants to

customers?

Which team will win the Super Bowl?

How can I schedule my workforce to

minimize operating costs?

What was the average purchase price for

new customers last year?

How will the placement of a product in a

store determine product sales?

How many customers do we have, and

where are they located?

Why did the stock price increase $45\%$