The Prescriptive Analytics Technique in Which the Decision Maker Repeatedly

question 167

True/False

The prescriptive analytics technique in which the decision maker repeatedly runs a predictive analytics model while varying the assumptions or data in the model to create a set of results that offer choices about the business process being modeled is called simulation.

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Definitions:

Hot Water

Hot water is water that has been heated to a temperature higher than room temperature, commonly used for cooking, cleaning, and bathing.

Carbon Tetrachloride

A chemical compound used in the manufacture of refrigerants and cleaning agents, known for its environmental and health hazards.

Methyl Bromide

A toxic gas used as a pesticide and for fumigation processes, known to deplete the ozone layer.

Pesticides

Chemical substances used to eliminate or control pests that affect crops, livestock, and households.