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Consider our discussion of the online retail company using analytics to determine what types of households should be sent catalogs. Which of the following components
Consider our discussion of the online retail company using analytics to determine what types of households should be sent catalogs. Which of the following components of the analysis we discussed fits the description of prescriptive analysis?
Consider our discussion of the online retail company using analytics to determine what types of households should be sent catalogs. Which of the following components of the analysis we discussed fits the description of prescriptive analysis?
Setting a rule that every household with a predicted probability of using the coupon of greater than should be sent a catalog.
Using a linear probability model to determine the factors that influenced a household's likelihood of using the coupon from the catalog.
All of the other options fit the description of prescriptive analysis discussed in class.
Using pie charts and pivot tables to examine the details of the data collected during the previous year.
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