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What type of analytics should be used to address the question Should I borrow from the bank if the interest rate increases to 2%/3%/4%? Multiple

What type of analytics should be used to address the question "Should I borrow from the bank if the interest rate increases to 2%/3%/4%"?

Multiple Choice

  • Diagnostic

  • Prescriptive

  • Descriptive

  • Predictive

What would be the dependent variable in a regression determining How are firm costs dependent on the level of production? at a decking company?

Multiple Choice

  • Board feet

  • Total production revenue

  • Type of board manufactured

  • Total production costs

Which of the following methods to deal with outliers will change the original data set?

Multiple Choice

  • Neither trimming nor winsorization

  • Trimming

  • Winsorization

  • Both trimming and winsorization

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