Question: The four techniques for business analytics include descriptive analytics, diagnostic analytics, predictive analytics, and prescriptive analytics. For each of the below exam - ples, determine
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.
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
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