APPLICATION OF SUPERVISED LEARNING
ARTIFICIAL INTELLIGENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Descriptive Analytics defined what happened to the data.
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Using multiple prediction models, diagnostic analyticspredict various outcomes and the best course of action for each outcome.
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Predictive Analytics predicts the occurrence of an event or forecast the future values using prediction models.
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Prescriptive Analytics aims to determine the reason why certain events needs to happen in the data
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Detailed explanation-1: -Prescriptive analytics This is achieved through gathering data from a range of descriptive and predictive sources and applying them to the decision-making process.
Detailed explanation-2: -Prescriptive analytics builds upon the three other types of data analytics which describe the present and make predictions about the future. It then uses heuristics, machine learning and rule-based systems to make specific recommendations based on data and probability-weighted projections.
Detailed explanation-3: -Specific techniques used in prescriptive analytics include optimization, simulation, game theory and decision-analysis methods. Data science and machine learning tools form the foundation of a prescriptive analytics practice.