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Describe in Two Specific Examples How Predictive Analytics Are Used

question 8

Essay

Describe in two specific examples how predictive analytics are used to understand a current business situation and then use this knowledge to help determine a future result.


Definitions:

Financial Information

Data related to the financial status and performance of an entity, including income, expenses, assets, and liabilities.

Debt-to-Equity Ratio

A measure of a company's financial leverage indicating the proportion of company financing from debt compared to equity.

Balance Sheet

A Balance Sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Corporation

A legal entity owned by shareholders, offering limited liability and existing independently of its owners.

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