Predictive Analytics Use Techniques That Extract Information from Data and Use

question 140

True/False

Predictive analytics use techniques that extract information from data and use it to predict future trends and identify behavioral patterns.

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Definitions:

Actual Results

The real, measured outcomes or performance of an entity's operations, projects, or investments, typically assessed against budgeted or forecasted figures.

Execution Plans

An execution plan is a detailed outline created by a database management system showing how it will execute operations to address a specific query, typically detailing the data retrieval methods and join algorithms.

Marketing Efforts

Activities and strategies implemented by a company to promote its products or services and increase its market presence and sales.

Static Budgets

Static budgets are financial plans that do not change over the budgeting period, regardless of any changes in business activity levels or operating conditions.