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:

Hiring

Hiring refers to the process of identifying, attracting, and selecting individuals to fill job vacancies within an organization.

Advertising and Promotion

Activities aimed at communicating the values of a product or service to potential customers to influence their buying behavior.

Closing Sales

The final step in the sales process, involving overcoming objections, negotiating terms, and ultimately securing the purchase commitment from the customer.

New Customers

Individuals who have not previously purchased from a business, representing potential new sources of revenue and market growth.