What Are Prescriptive Analytics

question 388

Multiple Choice

What are prescriptive analytics?

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

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Definitions:

Civic Authorities

Organizations or governing bodies within a municipality responsible for enforcing laws and regulations and providing public services.

Long-run Supply Function

A relationship showing the quantity of a good that producers are willing and able to supply to the market at different price levels in the long run, taking into account all possible adjustments including those in resources and technology.

Rental Apartments

Housing units that are leased to tenants under a rental agreement, typically involving periodic payments in exchange for the right to occupy the property.

Civic Authorities

Government or municipal bodies responsible for managing local affairs, services, and regulations within a community or city.