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20 September, 15:57

Which of the following analytical techniques is designed to output the best decision?

a. Prescriptive analytics

b. Predictive analytics

c. Descriptive analytics

d. Data mining

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Answers (1)
  1. 20 September, 16:06
    0
    Prescriptive analytics

    Explanation:

    Prescriptive Analytics refers to the data analytics field that specializes on determining the best approach in a situation, based on the data accessible. It is linked towards both descriptive analytics as well as predictive analytics yet highlights valuable insights rather than data analysis.

    Prescriptive analytics collects information with its systems from either a range of descriptive or predictive databases and relates it to the choice-making process. It involves mixing existing conditions with alternative actions to evaluate how well the outcome would be influenced by each.

    It can also assess the effects of judgment, based on various potential future situations. The discipline draws inspiration from applied mathematics, using a number of statistical techniques to construct and re-create potential judgment trends that could have different effects on an entity.
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