BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
In the class, we learn an example of simulation as example of ____
A
Descriptive Analytics
B
Diagnostics Analytics
C
Predictive Analytics
D
Prescriptive Analytics
Explanation: 

Detailed explanation-1: -Email automation is a clear-cut example of prescriptive analytics at work. Marketers use email automation to sort leads into categories based on their motivations, mindsets, and intentions and deliver email content to them based on those categories.

Detailed explanation-2: -Prescriptive analytics uses specific techniques including simulation, optimization, game theory and other decision-analysis methods.

Detailed explanation-3: -Prescriptive Analytics – responding to predictions After creating a predictive analytics model based on simulation, you can experiment with process configurations and discover how to achieve your goals. From the simulation model, it is clear which steps are required to reach your goals and what impact they will have.

Detailed explanation-4: -Prescriptive Analytics This type of analytics is characterized by techniques such as graph analysis, simulation, complex event processing, neural networks, recommendation engines, heuristics, and machine learning.

There is 1 question to complete.