Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

5 Questions

1 Views

Prescriptive Analytics

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is prescriptive analytics used for?

To analyze raw data without using technology

To predict future outcomes based on averages

To provide historical summaries of business data

To help businesses make better decisions through data analysis (correct)

What does prescriptive analytics consider when suggesting a course of action or strategy?

Possible situations or scenarios, available resources, past performance, and current performance (correct)

Competitor strategies and pricing models

Customer demographics and market trends

Only immediate time horizon factors

What is the opposite of descriptive analytics?

Diagnostic analytics

Predictive analytics

Historical analytics

Prescriptive analytics (correct)

What can prescriptive analytics simulate to help organizations understand their level of risk and uncertainty?

<p>The probability of various outcomes</p> Signup and view all the answers

What do organizations require tools for in response to their internal and external environment?

<p>To understand current business processes and plan for future changes</p> Signup and view all the answers

Prescriptive Analytics

Choose a study mode

Podcast

Questions and Answers

What is prescriptive analytics used for?

What does prescriptive analytics consider when suggesting a course of action or strategy?

What is the opposite of descriptive analytics?

What can prescriptive analytics simulate to help organizations understand their level of risk and uncertainty?

What do organizations require tools for in response to their internal and external environment?

More Like This

Prescriptive Analytics

Business Intelligence Tools and Technologies

Data Analytics Fundamentals

Upgrade to continue