10 Questions
The type of analytics that focuses on recommending actions or decisions is called ______.
prescriptive
Prescriptive analytics is used to recommend ______ based on data analysis and predictive models.
actions
Prescriptive analytics uses ______ models to predict outcomes and recommend decisions.
predictive
The goal of prescriptive analytics is to make ______ decisions based on data analysis.
informed
Prescriptive analytics goes beyond descriptive and predictive analytics by providing ______ for decision-making.
recommendations
What approach emphasizes the use of data to inform decision-making and strategy ______?
formulation
The approach that emphasizes the use of data to inform decision-making is ______ formulation.
strategy
Data-driven decision-making and strategy formulation is a key aspect of ______ analytics.
prescriptive
The main goal of prescriptive analytics is to make ______ decisions based on data analysis.
informed
________ analytics uses data to inform decision-making and strategy formulation.
prescriptive
Study Notes
What type of analytics focuses on recommending actions or decisions based on analysis of data and predictive models?
Test your knowledge on predictive analytics and its applications in business decision making. Learn how to drive business growth with data-driven insights and recommendations.
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