What Is Predictive Analytics

question 281

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)Techniques that extract information from data and use it to predict future trends and identify behavioral patterns.
• C)Refers to devices that connect directly to other devices.
• D)Opportunities to change the way people purchase books.

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Definitions:

Effective Rate

The effective rate, often referred to as the effective annual rate, is the interest rate on a loan or financial product re-compounded on a yearly basis.

Amortization Schedule

An amortization schedule is a table detailing each periodic payment on an amortizing loan, illustrating how the principal amount is reduced over time.

Effective Rate

The actual interest rate an individual pays on a loan or earns on an investment, accounting for compounding.

Monthly Rate

The interest or return generated by an investment or loan over a one-month period, often annualized for comparison purposes.