Advanced Analytics Generally Refers to

question 5

Multiple Choice

Advanced analytics generally refers to

• A)descriptive and prescriptive analytics.
• B)simulation.
• C)predictive and prescriptive analytics.
• D)decision analysis.

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Definitions:

Cross-Training

The practice of training employees to perform multiple roles or to undertake tasks outside their traditional responsibilities.

Workforce Flexibility

The ability of a workforce to adapt to changes, including adjusting to new work conditions, job requirements, or schedules.

Fordism

An economic model based on mass production and consumption, characterized by standardized products, high wages, and assembly line manufacturing.

Assembly Line

A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.