What is the primary focus of prescriptive analytics?

Question

BlackTom AI · Accepted Answer

The question asks about the primary focus of prescriptive analytics and provides four options to evaluate.
Option 1: 'Understanding past performance and historical trends' — This describes descriptive analytics, which is about summarizing what has happened in the past, not about prescribing actions.
Option 2: 'Identifying patterns and correlations in large datasets' — This aligns with exploratory or descriptive analytics and, in some contexts, predictive analytics, but it does not capture the guidance aspect of prescriptive analytics.
Option 3: 'Predicting future outcomes based on data patterns' — This is characteristic of predictive analytics, which estimates what might happen, whereas prescriptive analytics goes a step further to suggest actions.
Option 4: 'Recommending actions to optimize future outcomes' — This directly matches the core goal of prescriptive analytics: recommending specific actions or strategies to influence future results and improve optimization.

In summary, prescriptive analytics is distinguished by its action-oriented guidance, not merely description, pattern detection, or prediction. It translates insights into recommended interventions designed to optimize future performance. Therefore, the correct focus is option 4, while options 1 through 3 reflect other analytics types and misalign with the prescriptive objective.

MIS 446, Section 001: It Bus Strat (22511--UP---P-MIS-----446-------001-) MIS446Q4

What is the primary focus of prescriptive analytics?

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