Descriptive, Prespective Answer Key | Answer Key - Edubirdie

University:
Western Governors University
Course:
C211 | Global Economics
Academic year:

2020
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437

Pages:

1
Author:

Chanel F

1. Data dashboards are a type of _________ analytics. Answer: descriptive 2. ______________ analytics are techniques that use models, constructed from past data, to predict the future or to ascertain the impact of one variable on another. Answer: Predictive 3. _______________ analytics use techniques that take input data and yield a best course of action. Answer: Prescriptive 4. Which of the following analytical techniques helps us arrive at the best decision? Answer: Prescriptive analytics 5. When a decision maker is faced with several alternatives and an uncertain set of future events, s/he uses _____ to develop an optimal strategy. Answer: decision analysis 6. Which one of the following is used in predictive analytics? Answer: Linear regression

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