Prescriptive Analytics Involve Methods Used to Find Anomalies, Patterns, and Associations

question 66

True/False

Prescriptive analytics involve methods used to find anomalies, patterns, and associations in data sets with the purpose of predicting future outcomes.

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Definitions:

Portability Clauses

Provisions in contracts or agreements that allow benefits or rights to be transferred from one context to another, such as from one job to another.

Vacation Entitlement

The amount of paid leave time an employee is eligible for, based on the terms of their employment.

Defined Benefit Plans

A type of pension scheme where the benefits that an employee will receive upon retirement are predetermined based on factors like salary history and duration of employment.

Societal Objectives

Goals or aims that benefit society as a whole, often pursued by organizations, governments, or groups seeking to improve quality of life, social welfare, or community development.