BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Prescriptive analytics is the process of using data to determine an optimal course of action. By considering all relevant factors, this type of analysis yields recommendations for next steps. Because of this, prescriptive analytics is a valuable tool for data-driven decision-making.

Detailed explanation-2: -Prescriptive analytics is the use of advanced processes and tools to analyze data and content to recommend the optimal course of action or strategy moving forward.

Detailed explanation-3: -Prescriptive analytics is a process that analyzes data and provides instant recommendations on how to optimize business practices to suit multiple predicted outcomes.

Detailed explanation-4: -Prescriptive decision making is concerned with helping people make informed, and hopefully better, decisions. One main thesis of this chapter is that the choice of axioms to guide the analysis of prescriptive decision making is a decision problem.