_____ Analytics Consists of Analytical Techniques That Use Models Constructed

question 9

Multiple Choice

_____ analytics consists of analytical techniques that use models constructed from past data to predict the future or to assess the impact of one variable on another.

• A) Descriptive
• B) Predictive
• C) Prescriptive
• D) Data

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Definitions:

Technological Advance

The development and application of new technologies and methods, improving efficiency, productivity, or creating new products.

Vicious Circle

A complex chain of events that reinforces itself through a feedback loop, often leading to a detrimental situation.

Per Capita Incomes

The mean income received by an individual in a specific region or nation.

Saving and Investment

Refers to the portion of income not spent on consumption but utilized for acquiring assets or depositing in financial instruments for future returns.