What Is the Study of Using Mathematical Models to Predict

question 19

Multiple Choice

What is the study of using mathematical models to predict future events and to draw conclusions about a sample of a population?

• A) Categorical statistics
• B) Ordinal statistics
• C) Inferential statistics
• D) Descriptive statistics

---

Definitions:

Type of Analytics

Refers to the various approaches of analyzing data, such as descriptive, diagnostic, predictive, and prescriptive analytics.

Models

Simplified representations of complex realities to predict or analyze behaviors and events.

Action

In the context of decision-making or behavior, the process or act of doing something towards achieving a specific result or outcome.

Random Sample

A subset of a statistical population in which each member has an equal chance of being chosen.