Questions
Single choice
A prescriptive analysis
Options
A.assesses what is happening currently and in the past.
B.helps determine what should happen to meet goals or objectives.
C.identifies a problem to understand why an outcome occurred.
D.predicts what might happen in the future.
View Explanation
Verified Answer
Please login to view
Step-by-Step Analysis
The question presents a term and asks you to identify its descriptive nature among the options.
Option 1: 'assesses what is happening currently and in the past.' This describes descriptive analysis, which focuses on understanding past and present conditi......Login to view full explanationLog in for full answers
We've collected over 50,000 authentic exam questions and detailed explanations from around the globe. Log in now and get instant access to the answers!
Similar Questions
Which type of marketing analytics tools would typically use simulations and optimization techniques to find the best result for a business problem?
Which category of marketing analytics tools uses data from voice-activated in-home assistants (such as Siri and Alexa), robotic vacuum cleaners, and driverless cars to help both consumers and companies consume more efficiently?
Prescriptive analytics focuses on questions such as what is likely to happen, what are the likely trends, and what are the results if certain events occur. Prescriptive analytics is more strategic than descriptive analytics, which focuses on operational information. (select all that apply)
Bicycle Coffee Shop is a local chain of coffee shops. With increased competition, they are analyzing the financial impacts of closing an existing location. A prescriptive analysis would answer which question?
More Practical Tools for Students Powered by AI Study Helper
Making Your Study Simpler
Join us and instantly unlock extensive past papers & exclusive solutions to get a head start on your studies!