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Which of the following is a correct statement about the terms: business analytics, business intelligence, data mining, machine learning, knowledge discovery? Question 2 8 options:
Which of the following is a correct statement about the terms: business analytics, business intelligence, data mining, machine learning, knowledge discovery?
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Despite apparent differences, all these terms are often used loosely and interchangeably in different outlets
The primary difference between business analytics and business intelligence is the industry and the domain area
The term machine learning encompasses all techniques currently used in business analytics practice
The difference between data mining and knowledge discovery primarily focuses on the type of tools being used
The terms machine learning and business analytics are different depending on the explanatory versus predictive nature of the problem, respectively.
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