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Author Question: Which of the following analytical techniques helps us arrive at the best decision? a. Predictive ... (Read 263 times)

arivle123

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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


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miss.ashley

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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

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Reply #2 on: Jun 24, 2018
Correct answers!


miss.ashley

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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