Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 0 ( 2 . 3 5 points ) Analytics involves techniques as simple as descriptive statistics and visualization as well as more advanced

Question 30(2.35 points)
Analytics involves techniques as simple as descriptive statistics and visualization as well as more advanced predictive modeling, prescriptive and newly emerging artificial intelligence (Al) and cognitive analytics. How could prescriptive analytics be described?
is designed to mimic human-like intelligence for certain tasks such as discovering patterns in data, recognizing objects from an image, understanding the meaning of text and processing voice commands.
identifies the best optimal course of action such as how UPS efficiently maps drivers through a city using optimized routes.
used to build models based on the past to explain the future such as using historical customer sales data to predict future sales.
a set of techniques used to explain or quantify the past such as data queries, outcomes related to mean, median, mode, variance.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Data Mining

Authors: Pang Ning Tan, Michael Steinbach, Vipin Kumar

1st Edition

321321367, 978-0321321367

More Books

Students also viewed these Databases questions

Question

What is Working Capital ? Explain its types.

Answered: 1 week ago

Question

=+What is the nature of the plant or site-level role of unions?

Answered: 1 week ago

Question

=+such as the dirigenti in Italy?

Answered: 1 week ago