Predictive Analytics in the Digital Realm Focuses on

question 8

Multiple Choice

Predictive analytics in the digital realm focuses on

• A)predicting certain behavior based on certain data.
• B)analyzing certain data to predict digital developments.
• C)analyzing certain predictions to monitor certain results.
• D)predicting certain digital data based on reasoned analysis.

---

Definitions:

Unit Price Elastic

A condition where a change in the price of a good or service has a proportional change in the quantity demanded or supplied.

Quantity Demanded

The overall quantity of a product or service that customers are ready to buy at a particular price during a defined timeframe.

Normal Good

A normal good is a type of good for which demand increases when income increases, and falls when income decreases but price remains constant.

Income Rises

An increase in the amount of money received by individuals or entities, typically through wages, dividends, or investments.