What Are Predictive Analytics

question 178

Multiple Choice

What are predictive analytics?

• A) The scientific process of transforming data into insight for making better decisions.
• B) Techniques that describe past performance and history.
• C) Techniques that extract information from data and use it to predict future trends and identify behavioral patterns.
• D) Techniques that create models indicating the best decision to make or course of action to take.

Understand the concepts and types of control mechanisms within organizations.

Identify and evaluate the importance of planning and strategy in effective management.

Comprehend Deming's contributions to quality management and his 14 points for management.

Recognize the different approaches to problem prevention and correction, including feedforward, concurrent, and feedback control.

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Definitions:

Personalities

Personalities encompass the unique combination of emotional, attitudinal, and behavioral response patterns of an individual, contributing to their consistent behaviors and actions in various situations.

Irreconcilable

Describing differences or disputes that are so great they cannot be resolved or reconciled.

Avoidance

A behavioral response aimed at evading unpleasant or harmful situations, tasks, or interactions.

Win-Lose

A competitive situation or negotiation outcome where one party's gain is directly proportional to another's loss.