What Is Predictive Analytics

question 10

Multiple Choice

What is predictive analytics?

• A) A world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.
• B) The extraction of information from data used to predict future trends and identify behavioral patterns.
• C) A series of devices that connect directly to other devices.
• D) Opportunities to change the way people purchase books.

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Definitions:

Acknowledgment Message

A communication sent to confirm receipt of a message or document, often indicating that further action may be taken.

Credit Information

Records or data related to the borrowing and repayment history of an individual or entity, used by lenders to determine creditworthiness.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, structured as a pyramid with the most fundamental needs at the bottom and the need for self-actualization at the top.

Consumer Needs

The recognized necessities or desires that prompt individuals to purchase products or services.