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Author Question: A retail store owner offers a discount on product A and predicts that the customers would purchase ... (Read 161 times)

Deast7027

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on: Jun 24, 2018
A retail store owner offers a discount on product A and predicts that the customers would purchase products B and C in addition to product A. Identify the technique used to make such a prediction.
 a. Data query b. Simulation
  c. Data mining d. Data dashboards

Question 2

Which one of the following is used in predictive analytics?
 a. Data dashboard b. Linear regression
  c. Data visualization d. Optimization model


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mfedorka

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Reply #1 on: Jun 24, 2018
Answer to Question 1

c
RATIONALE: Data mining is a technique used to find patterns or relationships among elements of the data in a large database.

Answer to Question 2

b
RATIONALE: Linear regression, time series analysis, some data-mining techniques, and simulation, often referred to as risk analysis, all fall under the banner of predictive analytics.


Deast7027

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

lcapri7

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Reply 3 on: Yesterday
Excellent

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