This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following analytical techniques helps us arrive at the best decision? a. Predictive ... (Read 187 times)

arivle123

  • Hero Member
  • *****
  • Posts: 569
on: Jun 24, 2018
Which of the following analytical techniques helps us arrive at the best decision?
 a. Predictive analytics b. Data mining
  c. Prescriptive analytics d. Descriptive analytics

Question 2

____________________ are used in the pharmaceutical industry to assess the risk of introducing a new drug.
 a. Data dashboards b. Charts
  c. Spreadsheet models d. Simulations


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

miss.ashley

  • Sr. Member
  • ****
  • Posts: 371
Reply #1 on: Jun 24, 2018
Answer to Question 1

c
RATIONALE: Prescriptive analytics indicate a best course of action to take; that is, the output of a prescriptive model is a best decision.

Answer to Question 2

d
RATIONALE: Simulation involves the use of probability and statistics to construct a computer model to study the impact of uncertainty on a decision.


arivle123

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 24, 2018
Correct answers!


miss.ashley

  • Sr. Member
  • ****
  • Posts: 371
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Illness; diuretics; laxative abuse; hot weather; exercise; sweating; caffeine; alcoholic beverages; starvation diets; inadequate carbohydrate consumption; and diets high in protein, salt, or fiber can cause people to become dehydrated.

Decision Making Decision Making
Techniques for Measuring Cosmological Distances Techniques for Measuring Cosmological Distances
Religion often helps immigrants adapt to their new culture. What indications of this do you see in ... Religion often helps immigrants adapt to their new culture. What indications of this do you see in ...
The steel lamination used in an E coil helps increase the magnetic field strength, which helps the ... The steel lamination used in an E coil helps increase the magnetic field strength, which helps the ...
Two techniques for holding and inserting an otoscope Two techniques for holding and inserting an otoscope
Telophase Daughter chromosomes arrive at the poles; cytokinesis commences Telophase Daughter chromosomes arrive at the poles; cytokinesis commences
Video: How eudicots (true dicots) differ from monocots Animation

For a complete list of videos, visit our video library