The ..... has always relied on statistic to determine the insurance rates. Risk-based models form the basis for calculators that are used to calculate insurance premiums.

BUSINESS ANALYTICS

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The ____ has always relied on statistic to determine the insurance rates. Risk-based models form the basis for calculators that are used to calculate insurance premiums.

A	Insurance Industry
B	Travel and Tourism Industry
C	Agriculture Industry
D	Health Industry

Explanation:

Detailed explanation-1: -Data quality management is a set of practices that aim at maintaining a high quality of information. It goes all the way from the acquisition of data and the implementation of advanced data processes, to an effective distribution of data. It also requires a managerial oversight of the information you have.

Detailed explanation-2: -predictive analytics, which analyzes trend data to assess the likelihood of future outcomes; and. prescriptive analytics, which uses past performance to generate recommendations for handling similar situations in the future.

Detailed explanation-3: -Business Analytics Module 1 | Other Quiz-Quizizz. Q. It is an encompassing and multidimensional field that uses mathematics, statistics, predictive modeling and machine learning techniques to find meaningful patterns and knowledge in recorded data.

Detailed explanation-4: -Correct The primary reason we do analytics in business is to enable specic decisions to be made.

There is 1 question to complete.

BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ANALYTICS