Podcast
Questions and Answers
What is the primary goal of descriptive data analysis?
What is the primary goal of descriptive data analysis?
- To count consumer purchases
- To summarize data and find emerging patterns (correct)
- To make predictions based on the data
- To recommend actions and determine outcomes
When would researchers use predictive data analysis?
When would researchers use predictive data analysis?
- To recommend actions based on consumer interest
- To determine a course of action
- To count consumer products
- To make predictions about the data using peer-reviewed data (correct)
Which type of data analysis helps in recommending actions that could affect outcomes?
Which type of data analysis helps in recommending actions that could affect outcomes?
- Descriptive analysis
- Predictive analysis
- Prescriptive analysis (correct)
- Summarized analysis
What is an example of prescriptive analysis mentioned in the text?
What is an example of prescriptive analysis mentioned in the text?
In which type of analysis would companies try to predict patterns in consumer products?
In which type of analysis would companies try to predict patterns in consumer products?
What does prescriptive data analysis help determine?
What does prescriptive data analysis help determine?
When would researchers use descriptive data analysis?
When would researchers use descriptive data analysis?
What is the key purpose of predictive data analysis for companies?
What is the key purpose of predictive data analysis for companies?
What distinguishes prescriptive data analysis from other types of analysis?
What distinguishes prescriptive data analysis from other types of analysis?
How does predictive data analysis differ from descriptive and prescriptive analysis?
How does predictive data analysis differ from descriptive and prescriptive analysis?
Flashcards are hidden until you start studying
