Predictive Analytics Extracts Information from Data and Uses It to Predict

question 89

True/False

Predictive analytics extracts information from data and uses it to predict future trends and identify behavioral patterns.

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Definitions:

Income

Money received, especially on a regular basis, for work or through investments.

Directly Related

A relationship between two variables in which they move in the same direction.

Consumer's Income

The sum of money a consumer can spend on products and services.

Budget Line

A visual depiction of every potential combination of two products that can be bought within a specific budget at fixed prices.