Author Question: A retail store owner offers a discount on product A and predicts that the customers would purchase ... (Read 184 times)

Deast7027 · **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

mfedorka · **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.