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:

Reasons

Justifications or explanations for actions or beliefs.

Half-lives

The time required for half of a particular substance or entity to undergo a process, such as radioactive decay.

Dike Unit

A geological feature consisting of a vertical or steeply inclined sheet of rock that formed from magma intruding into cracks or fissures within the earth's crust.

Mortality Table

A statistical table showing the probability of death for individuals at each age, used by insurance companies to determine premiums.