Author Question: Predictive and prescriptive analytics can also be referred to as ___________________. Fill in the ... (Read 104 times)

Medesa

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Predictive and prescriptive analytics can also be referred to as ___________________ .
 Fill in the blank(s) with correct word

Question 2

The use of probability and statistics to construct a computer model to study the impact of uncertainty on the decision at hand is called ___________________ __.
 Fill in the blank(s) with correct word



flannelavenger

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Answer to Question 1

advanced analytics

RATIONALE: Advanced analytics generally refers to predictive and prescriptive analytics.

Answer to Question 2

simulation
RATIONALE: Simulation is the use of probability and statistics to construct a computer model to study the impact of uncertainty on the decision at hand.



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