Answered step by step
Verified Expert Solution
Link Copied!

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

image text in transcribed

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

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

Banking And Finance Managing The Moral Dimension

Authors: James Lynch

1st Edition

1855731762, 978-1855731769

More Books

Students also viewed these Finance questions

Question

When do you use visual aids?

Answered: 1 week ago