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?

Question

BlackTom AI · Accepted Answer

The prompt centers on identifying what a prescriptive analysis would address in the scenario of evaluating a potentially closing location.
Option a: 'What sales revenue is needed for the location to be financially sustainable?' This aligns with prescriptive analytics, which focuses on prescribing actions and the thresholds required for sustainability or success, such as target revenue to cover costs and achieve profitability.
Option b: 'If the location is closed, what is the forecasted net income for the Bicycle Coffee shop?' This is more of a post-decision or counterfactual assessment about a specific decision outcome, which resembles a diagnostic or descriptive scenario rather than prescribing an action to take.
Option c: 'What is the total net revenue for the fiscal year for the location slated to be closed?' This is a descriptive or historical query about current or past performance, not about determining a required level of performance to justify operation or closure.
Option d: 'Are sales trending downwards for the location slated to be closed?' This question investigates a trend or trajectory, which is diagnostic in nature and helps understand what has happened, not what should be done to achieve a desired outcome.
In summary, prescriptive analysis asks: what metric or target must be achieved and/or what actions must be taken to reach a strategic objective? The most fitting choice is the one that specifies a revenue target needed for financial sustainability, as options b, c, and d focus more on outcomes, past performance, or trends rather than prescribing the necessary level of performance. thus, option a captures the prescriptive focus in this context.

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?

查看解析

登录即可查看完整答案

类似问题

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)

A prescriptive analysis

What are the benefits of prescriptive analytics?(more than one answer)

Which of the following scenarios most appropriately requires the use of prescriptive analytics rather than descriptive or predictive analytics?

A marketing team has already collected and analyzed customer purchase data. Now they want to know what actions they should take next to increase customer retention. They are most likely using:

What is the primary focus of prescriptive analytics?

更多留学生实用工具

考试浏览器助手

风格化写作助手

论文查重助手

文献引用助手

课堂转译助手

课堂笔记助手

Quiz搜索助手

学校历年真题

智能刷题助手

智能匹配练习

希望你的学习变得更简单