BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
It is the branch of analytics used to make predictions about future events:
A
intuitive analytics
B
preventive analytics
C
predictive analytics
D
descriptive analytics
Explanation: 

Detailed explanation-1: -Predictive analytics is a branch of advanced analytics that makes predictions about future outcomes using historical data combined with statistical modeling, data mining techniques and machine learning. Companies employ predictive analytics to find patterns in this data to identify risks and opportunities.

Detailed explanation-2: -Modern technology has made predictive analytics more accessible than ever before, and the global predictive analytics market is projected to reach approximately $10.95 billion by 2022.

Detailed explanation-3: -Predictive analytics are used to determine customer responses or purchases, as well as promote cross-sell opportunities. Predictive models help businesses attract, retain and grow their most profitable customers. Improving operations. Many companies use predictive models to forecast inventory and manage resources.

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