Examlex
In the Magpie Sensing case study, the automated collection of temperature and humidity data on shipped goods helped with various types of analytics. Which of the following is an example of prescriptive analytics?
Horizontal Lines
Lines that run parallel to the horizon or ground level, often used in charts, graphs, and design to denote stability or a baseline.
Standard Error
An estimate of the standard deviation of the sampling distribution of a statistic, often used to measure the accuracy of sample means.
Sample Proportion
The ratio of the number of times an event occurs to the total number of trials or times the activity is performed.
Control Chart
A graph used to study how a process changes over time, displaying data points in time order and often including control limits to detect anomalies.
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