Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please answer Q1-2 Question 1 (Mandatory) (3 points) analytics involves preparing and summarizing historical data. (Specify the category of analytics ) A/ Question 2 (Mandatory)
please answer Q1-2
Question 1 (Mandatory) (3 points) analytics involves preparing and summarizing historical data. (Specify the category of analytics ) A/ Question 2 (Mandatory) (3 points) Regression is a tool for analytics. (Specify the category of analytics) A/ Question 3 (Mandatory) (3 points) Predictive and prescriptive analytics are often together referred to as analytics. A Question 4 (Mandatory) (3 points) (two words separated by space) are collection of items such as tables, charts and descriptive statistics that will update as new data arrives. A/ Question 5 (Mandatory) (3 points) Monte Carlo simulation is a tool for analytics. (Specify the category of analytics) A Question 6 (Mandatory) (3 points) Future sales of a product can be predicted based on previous years' sales data using the method of (Mention the method under predictive analytics) A/ Question 7 (Mandatory) (2 points) analytics help businesses determine the best course of action for a given problem. (Specify the category of analytics) 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