What Type of Analytics Would Include a Classification Analysis to Assess

question 2

Multiple Choice

What type of analytics would include a classification analysis to assess whether the bank should extend a loan?

• A) Descriptive analytics
• B) Diagnostic analytics
• C) Predictive analytics
• D) Prescriptive analytics

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Definitions:

Operational Strategy

A plan focusing on the efficient allocation and use of resources within a company to achieve its long-term objectives.

Triple Bottom Line

An accounting framework that incorporates social, environmental, and financial performance measures.

Socially Responsible

Refers to ethical practices and policies that aim to positively impact society, the environment, and communities while conducting business.