Which of the following statements about Prescriptive Analytics is FALSE?Select one:a. It provides recommendations for future actions.b. It can be used to optimize engineering processes.c. It relies on historical data and models.d. It is mainly used for summarizing past performance.
Question
Which of the following statements about Prescriptive Analytics is FALSE?Select one:a. It provides recommendations for future actions.b. It can be used to optimize engineering processes.c. It relies on historical data and models.d. It is mainly used for summarizing past performance.
Solution
The false statement about Prescriptive Analytics is:
d. It is mainly used for summarizing past performance.
Prescriptive Analytics is not mainly used for summarizing past performance. Instead, it is used to prescribe or recommend actions to take for optimal outcomes. Summarizing past performance is typically the role of Descriptive Analytics.
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