Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following statement about prescriptive analytics is correct? X Selected a. Answer: Prescriptive analytics is the use of data to understand past and
Which of the following statement about prescriptive analytics is correct? X Selected a. Answer: Prescriptive analytics is the use of data to understand past and current business performance and make informed decisions. Answers: a. Prescriptive analytics is the use of data to understand past and current business performance and make informed decisions. b. Prescriptive analytics is the use of optimization to identify the best alternatives to minimize or maximize some objectives. C. Prescriptive analytics is the use of past performance in an effort to predict the future by examining historical data, detecting patterns or relationships in these data, and then extrapolating these relationships forward in time. d. Linear programming is an example of prescriptive analytics model. Both b and d are correct. e
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