When an Organization Must Decide on Optimization and Simulation Tools

question 31

Multiple Choice

When an organization must decide on optimization and simulation tools to make things happen it is using:

• A) predictive analytics.
• B) descriptive analytics.
• C) prescriptive analytics.
• D) comparative analytics.

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Definitions:

Inductive Reasoning

A method of reasoning in which specific observations or data are used to form a general conclusion or hypothesis.

Adolescent Egocentrism

is a characteristic of teenage thinking, which includes believing that one’s own experiences and feelings are unique and not understood by others.

Reciprocal Relationship

A mutual relationship in which parties exert influence on each other or benefit each other equally.

Logical Deduction

The process of reasoning from one or more statements (premises) to reach a logically certain conclusion.