Predictive Analytics Is Used by Organizations To

question 15

Multiple Choice

Predictive analytics is used by organizations to:

• A) analyze business policies through visual representations.
• B) identify the best decisions for a particular situation.
• C) understand past and current performance.
• D) envisage the future by detecting patterns and relationships in data.

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Definitions:

Marketing Actions

Steps or activities undertaken by a company as part of its marketing strategy to promote its products or services.

Crowdfunding

The practice of funding a project or venture by raising small amounts of money from a large number of people, typically via the internet.

Early-stage Financing

Funding provided to startups and young businesses to help them develop their operations and grow during the initial phases.

Traditional Sources

Established means of obtaining information or resources, often based on long-standing customs or practices.