Question: Using historical data and algorithms ( computerized problem - solving rules ) to create scenarios to help predict the future is: Predictive analytics Descriptive analytics

Using historical data and algorithms (computerized problem-solving rules) to create scenarios to help predict the future is:
Predictive analytics
Descriptive analytics
Prescriptive analytics
Optimization
Using historical data and algorithms (computerized problem-solving rules) to create scenarios

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 Databases Questions!

Q:

Using historical data and algorithms ( computerized problem - solving rules ) to create scenarios to help predict the future is: Group of answer choices Predictive analytics Descriptive analytics...

Q:

Looking Under the Hood: ORION New Navigation System at UPS Across industries, information and communications technology (ICT) has great potential to address some of the worlds most complex global...

Q:

Looking Under the Hood: ORION New Navigation System at UPS Across industries, information and communications technology (ICT) has great potential to address some of the worlds most complex global...

Q:

= Untitled document - Google X Course: MGT-325-Z2 Mana: X Cengage Learning Cengage Learning MindTap - Cengage Learning X L 2. The fact that big data comes in many formats and may be structured or...

Q:

Required: Even though the concept of digital twin (DT) was introduced over a decade ago, as an innovative all-encompassing tool, with perceived benefits including real-time monitoring, simulation,...

Q:

SECTION A Read the extract below and Answer ALL the questions in this section. Defining a digital twin in a supply chain context Supply chains have been experiencing technological transformations on...

Q:

Defining a digital twin in a supply chain context Supply chains have been experiencing technological transformations on a scale unlike any seen before. Industry 4.0, additive manufacturing, advanced...

Q:

Read the extract below and Answer ALL the questions in this section. Defining a digital twin in a supply chain context: Supply chains have been experiencing technological transformations on a scale...

Q:

Defining a digital twin in a supply chain context Supply chains have been experiencing technological transformations on a scale unlike any seen before. Industry 4.0, additive manufacturing, advanced...

Q:

SECTION A [40 MARKS] Read the extract below and Answer ALL the questions in this section. Defining a digital twin in a supply chain context Supply chains have been experiencing technological...

Q:

Frank Gerbel, a local insurance representative, has hired a part-time assistant to make cold calls on potential customers. The assistant has been given a quota of 20 such calls to make each day, and...

Q:

On January 1, 2004, Waldman Enterprises purchased machinery on credit by signing a note payable for the full purchase price. The note payable called for interest to be paid on the unpaid balance and...

Q:

A row major traversal begins at the first row and moves across the columns in that row, starting from the leftmost column, until reaching the last column. It then repeats this process for each row...

Q:

Which of the following is true of an employer who uses the third - quartile strategy of compensation? Group of answer choices The employer pays the employees above market levels. The employers...

Q:

Teamwork. Ethics. Form groups with four or five students in each. Each member of the group will choose a specific cultural dimension from among the following: ethnicity, race, gender, age, or...

Q:

Teamwork. Form groups of four to seven people. Discuss the importance of diversity initiatives in businesses. Plan an agenda for a seminar that could help people in a business understand the needs...

Q:

Technology. Global. Ethics. Interview a student, a businessperson, or a visiting lecturer who is a native of another country or who has spent extensive time in a particular country other than the...