Question: What are prescriptive analytics? Group of answer choices Uses techniques that create models indicating the best decision to make or course of action to take.

What are prescriptive analytics?
Group of answer choices
Uses techniques that create models indicating the best decision to make or course of action to take.
The scientific process of transforming data into insight for making better decisions.
Uses techniques that extract information from data and use it to predict future trends and identify behavioral patterns.
Uses techniques that describe past performance and history.

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:

What is data? A . Raw facts that describe the characteristics of an event or object B . Data converted into a meaningful and useful context C . Information collected from multiple sources, analyzing...

Q:

What is prescriptive analytics? Multiple Choice The scientific process of transforming data into insight for making better decisions Uses techniques that extract information from data and use it to...

Q:

What uses techniques that create models indicating the best decision to make or course of action to take? Group of answer choices Predictive analytics. Business analytics. Prescriptive analytics....

Q:

Multiple Choice Uses techniques that describe past performance and history Uses techniques that create models indicating the best decision to make or course of action to take Uses techniques that...

Q:

What uses techniques that create models indicating the best decision to make or course of action to take? Business analytics Prescriptive analytics Descriptive analytics Predictive analytics

Q:

What uses techniques that create models indicating the best decision to make or course of action to take? Business analytics Prescriptive analytics Descriptive analytics Predictive analytics

Q:

What uses techniques that create models indicating the best decision to make or course of action to take? Business analytics Prescriptive analytics Descriptive analytics Predictive analytics

Q:

Categorizing Analytics The goal of this activity is to test your knowledge of the terms associated with analytics. Instructions: Match each term to its correct definition. Predictive Analytics...

Q:

Descriptive Analytics Business Analytics Predictive Analytics Prescriptive Analytics Analytics Match each of the options above to the items below. The science of fact - based decision making No...

Q:

Descriptive Analytics Business Analytics Predictive Analytics Prescriptive Analytics Analytics Match each of the options above to the items below. The science of fact - based decision making No...

Q:

Diana Cohen received the following revenue during the year (she uses the cash method of accounting). Consulting revenue reported to her on a Form 1099-MISC, Box 7 High-end Retail $32,000 Jensens...

Q:

In your own words, describe the manufacture of ammonia from natural gas, steam, and air.

Q:

Non - physical property is: Question 1 4 options: Tangible Property Intangible Property Your Laptop Fixtures only

Q:

5. A golf developer wishes to build a new golf course. It will cost $2 million now (time 0) for buying the land and the initial design and development. An additional $800,000 will be spent at the end...