Multiple Choice
Predictive analytics:
A) summarizes data into meaningful charts and reports that can be standardized or customized.
B) identifies the best alternatives to minimize or maximize an objective.
C) uses data to determine a course of action to be executed in a given situation.
D) detects patterns in historical data and extrapolates them forward in time.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: Which of the following is an example
Q16: The total cost of reaching consumers (C)
Q17: Decision variables:<br>A) cannot be directly controlled by
Q18: Decision support systems evolved from efforts to
Q19: Prescriptive decision models help:<br>A) make predictions of
Q21: When will a company use a predictive
Q22: Identify the uncontrollable variable from the following
Q23: Which of the following is a disadvantage
Q24: Which decision model incorporates the uncertainty element?<br>A)
Q25: The product mix is determined by the:<br>A)