BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Prescriptive analytics advises on possible outcomes and results in actions that are likely to maximize key business metrics. It uses simulation and optimization to ask, “What should a business do?” Optimization that helps achieve the best outcomes.

Detailed explanation-2: -Prescriptive analytic models are designed to pull together data and operations to produce the roadmap that tells you what to do and how to do it right the first time.

Detailed explanation-3: -Predictive vs. prescriptive analytics. Predictive and prescriptive analytics inform your business strategies based on collected data. Predictive analytics forecasts potential future outcomes, while prescriptive analytics helps you draw specific recommendations.

Detailed explanation-4: -Predictive analytics are reactive in that they highlight the need for management to react. Conversely, prescriptive analytics are proactive in that they show management the way forward. Predictive and prescriptive analytics work with real data a business captures, along with other available information.