Which of the Following Questions Will Prescriptive Analytics Help a Company

question 40

Multiple Choice

Which of the following questions will prescriptive analytics help a company address?

• A) How many and what types of complaints did they resolve?
• B) What is the best way of shipping goods from their factories to minimize costs?
• C) What do they expect to pay for fuel over the next several months?
• D) What will happen if demand falls by 10% or if supplier prices go up 5%?

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Definitions:

Tall

Relating to hierarchical structures within organizations, characterized by multiple levels of authority and a narrow span of control.

Paid More

Receiving a higher wage or salary in comparison to others or to a previous state.

Recency Effect

A cognitive bias that predisposes individuals to weigh recent events or information more heavily than earlier data when making decisions or evaluations.

Target Person

A specified individual chosen for assessment, observation, or interaction in various contexts, including research, marketing, or performance evaluation.