Examlex
Which of the following allows a receiver to communicate with the sender and thereby informs the sender whether the message was received and interpreted properly?
Inference
The process of using data analysis to deduce properties of an underlying distribution of probability; drawing conclusions about populations based on sample data.
Optimization Models
Mathematical models that are designed to find the best possible solution or outcome from a set of parameters or constraints.
Prescriptive Analytics
The set of analytical techniques that yield a best course of action.
Maximize
To increase or make as large or great as possible, often used in the context of mathematical optimization.
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