BACHELOR OF BUSINESS ADMINISTRATION

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BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Success in the ____ is all about having the right information at the right time. By using big data and predictive analytics, algorithms help the industry in collecting the data from a variety of data sources and support from trading decisions to predicting default rates and risk management.
A
Insurance Industry
B
Telecom Industry
C
Travel and Tourism Industry
D
Finance Industry
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: -Predictive analytics is the process of using data analytics to make predictions based on data. This process uses data along with analysis, statistics, and machine learning techniques to create a predictive model for forecasting future events.

Detailed explanation-3: -The term predictive analytics applies to a range of advanced analytical techniques that analyze data to determine the likelihood of certain events taking place. For example, in a macro sense, predictive analytics can be used to determine future population trends.

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