BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Type of analytics tells “what should I do?”
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Diagnostics
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Descriptive
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Predictive
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Prescriptive
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Explanation:
Detailed explanation-1: -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-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 looks at what has happened, why it happened, and what might happen in order to determine what should be done next.
Detailed explanation-4: -There are four types of analytics, Descriptive, Diagnostic, Predictive, and Prescriptive.
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