What Uses Techniques That Create Models Indicating the Best Decision

question 113

Multiple Choice

What uses techniques that create models indicating the best decision to make or course of action to take?

• A) Business analytics.
• B) Descriptive analytics.
• C) Prescriptive analytics.
• D) Predictive analytics.

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Definitions:

Interference Competition

A direct form of competition where organisms physically prevent their rivals from accessing resources.

Exploitative Competition

A form of competition where organisms indirectly interact with each other by consuming scarce resources.

Scavenging

The act of consuming dead or decaying organic matter, a process carried out by certain animals, fungi, and microorganisms, which helps recycle nutrients in ecosystems.

Resource

Any physical or virtual entity of limited availability that needs to be consumed to obtain a benefit from it, often considered in the context of natural resources or economic assets.