5 Questions
What is prescriptive analytics?
A type of data analytics that factors information about possible situations and suggests a course of action
What is the main focus of prescriptive analytics?
Helping businesses make better decisions through data analysis
What does prescriptive analytics help organizations understand?
The likelihood of worst-case scenarios and how to plan accordingly
What distinguishes prescriptive analytics from descriptive analytics?
Prescriptive analytics suggests a course of action or strategy, while descriptive analytics does not
Why do organizations require tools like prescriptive analytics?
To help them both understand their current business processes and plan for future changes in response to their internal and external environment
Test your knowledge of prescriptive analytics, a type of data analytics that helps businesses make better decisions through the analysis of raw data and suggests a course of action or strategy based on information about possible situations, available resources, and past performance.
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