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pweller2017 pweller2017
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4 years ago
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

Q. 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

Q. 3

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

Q. 4

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

Q. 5

A forecast that helps direct police officers to areas where crimes are likely to occur based on past data is an example of
 a. predictive analytics. b. decision analysis.
  c. prescriptive analytics. d. descriptive analytics.
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kreynoldssssskreynoldsssss
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Posts: 215
Rep: 1 0
4 years ago
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Ans. #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.

Ans. #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.

Ans. #3

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

Ans. #4

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.

Ans. #5

a
RATIONALE: Predictive analytics consists of techniques that use models constructed from past data to predict the future.
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pweller2017 Author
wrote...
4 years ago
Thank you for your assistance, again and again
wrote...
4 years ago
My pleasure
wrote...
2 weeks ago
Thx
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