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Saved Which of the following statements is not correct? Multiple Choice Formulating a plan of action based on large data sets and algorithmic outputs is
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Which of the following statements is not correct?
Multiple Choice
Formulating a plan of action based on large data sets and algorithmic outputs is an example of prescriptive analytics.
Calculating clickthrough rate for your online customers viewing your webpage is an example of descriptive analytics.
Setting the optimal pricing scheme to maximize revenue for a hotel is an example of prescriptive analytics.
Summarizing performance measures from large data sets is an example of predictive analytics.
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