Prescriptive analytics - Study guides, Revision notes & Summaries

TEST BANK BUSINESS ANALYTICS 2nd EDITION James R. Evans 2024 || All Chapters A+ Business Analytics (Evans) Chapter 1 Introduction to Business Analytics 1) Descriptive analytics: A) can predict risk and find relationships in data not readily apparent with traditional analyses. B) helps companies classify their customers into segments to develop specific marketing campaigns. C) helps detect hidden patterns in large quantities of data to group data into sets to predict behavior. D) can use...

Test Bank for Introduction to Business Analytics, 1e 1st Edition by Vernon Richardson, Marcia Watson. Full Chapters test bank included Chapter 1: Specify the Question: Using Business Analytics to Address Business Questions Chapter 2: Obtain the Data: An Introduction to Business Data Sources Chapter 3: Analyze the Data: Basic Statistics and Tools Required in Business Analytics Chapter 4: Analyze the Data: Exploratory Business Analytics (Descriptive Analytics and Diagnostic A...

WGU D491 Introduction to Analytics Actual Questions and Answers 100% Correct What is Data analytics? -The process of encrypting data to keep it secure -The process of storing data in a secure location for future use -The process of analyzing data to extract insights -The process of collecting data from various sources Ans- The process of analyzing data to extract insights. (Data analytics involves analyzing data to extract insights and inform decision-making. This includes using vario...

WGU C207 DATA-DRIVEN DECISION MAKING OBJECTIVE ASSESSMENT DETAILED QUESTIONS AND correct ANSWERS/latest update 1. Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? (correct answers)Prescriptive 2. What are two reasons for the increasing use of analytics in organizational decision-making? Choose 2 answers. (correct answers) Relatively lower cost of computer storage Higher compu...

Test Bank for Business Intelligence, Analytics, Data Science, and AI, 5th edition 5e by Ramesh Sharda, Dursun Delen, Efraim Turban. Full Chapters test bank are included - Chapter 1 - 11 An Overview of Business Intelligence, Analytics, Data Science, and AI Artificial Intelligence: Concepts, Drivers, Major Technologies, and Business Applications Descriptive Analytics I: Nature of Data, Big Data, and Statistical Modeling Descriptive Analytics II: Business Intelligence Data Warehousing, and Vi...

Test Bank for Introduction to Management Science and Business Analytics: A Modeling and Case Studies Approach with Spreadsheets, 7th Edition 7e by Frederick Hillier and Mark Hillier. Full Chapters test bank are included - Chapter 1 to 15 PART 1 The Essence of Management Science and Business Analytics 1 Introduction 2 Overview of the Analysis Process PART 2 Models for Predictive Analytics 3 Classification and Prediction Models for Predictive Analytics 4 Predictive Analytics Based on ...

Test Bank for Information Technology for Management: Driving Digital Transformation to Increase Local and Global Performance, Growth and Sustainability, 12th Edition 12e by Efraim Turban, Carol Pollard, Gregory Wood. Full Chapters test bank are included - Chapter 1 to 14 CHAPTER 1: Digital Transformation Disrupts Companies, Competition, and Careers Locally and Globally Introduction 1.1 Doing Business in the On-Demand and Sharing Economies 1.2 Business Process Improvement and Competition 1...

Analytics - ANSWER the scientific process of transforming data into insight for making better decisions Descriptive Analytics - ANSWER Analytical techniques that describe what has happened in the past. Predictive Analytics - ANSWER Analytical techniques that use models constructed from past data to predict the future or assess the impact of one variable on another. Prescriptive Analytics - ANSWER Analytical techniques that yield a course of action. Big Data - ANSWER A set of data that can...

WGU C207 OA Partial test Questions with Answers 2023/2024 Latest Update A+ Graded. C207 OA Partial test Questions with Answers What are the two potential uses of analytics?  To turn information into insight  To develop fact-based strategies Which two tools help users to understand processes?  Control charts  Flow charts A scale is used to measure the thickness of randomly selected steel rods used in construction. It is accidentally programmed to add 1mm to each rod. What is ...

WGU D491 Introduction to Analytics Actual Questions and Answers 100% Correct What is Data analytics? -The process of encrypting data to keep it secure -The process of storing data in a secure location for future use -The process of analyzing data to extract insights -The process of collecting data from various sources Ans- The process of analyzing data to extract insights. (Data analytics involves analyzing data to extract insights and inform decision-making. This includes using vario...