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Predictive and prescriptive analytics provide __________ deterministic output and __________ probabilistic models (judging the likelihood (probability) of a future event or outcome occurring) as compared to descriptive and diagnostic analytics.
Gross Domestic Product
The total value of all goods and services produced within a country over a specific time period, reflecting the overall economic health.
Gross World Product
The market value of all final goods and services produced in the world during a given period, usually a year.
Net National Product
The total value of goods produced and services provided by a country during a year, minus depreciation. It reflects the total economic output that is not consumed through wear and tear.
National Income
The total value of all income earned within a country, including wages, rents, interest, and profits.
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