Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Analytics involves techniques as simple as descriptive statistics and visualization as well as more advanced predictive modeling, prescriptive and newly emerging artificial intelligence ( AI
Analytics involves techniques as simple as descriptive statistics and visualization as well as more advanced predictive modeling, prescriptive and newly emerging artificial intelligence AI and cognitive analytics. How could predictive analytics be described?
identifies the best optimal course of action such as how UPS efficiently maps drivers through a city using optimized routes.
a set of techniques used to explain or quantify the past such as data queries, outcomes related to mean, median, mode, variance.
is designed to mimic humanlike intelligence for certain tasks such as discovering patterns in data, recognizing objects from an image, understanding the meaning of text and processing voice commands.
used to build models based on the past to explain the future such as using historical customer sales data to predict future sales.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started