A manager at Gampco Inc. wishes to know the company's revenue and profit in its previous quarter. Which of the following business analytics will help the manager?Group of answer choicesprescriptive analyticsnormative analyticsdescriptive analyticspredictive analytics
Question
A manager at Gampco Inc. wishes to know the company's revenue and profit in its previous quarter. Which of the following business analytics will help the manager?Group of answer choicesprescriptive analyticsnormative analyticsdescriptive analyticspredictive analytics
Solution
To help the manager at Gampco Inc. determine the company's revenue and profit in the previous quarter, the most suitable business analytics approach would be descriptive analytics. Descriptive analytics involves analyzing historical data to gain insights and understand past performance. By examining the company's financial records and sales data from the previous quarter, the manager can obtain a clear picture of the revenue and profit generated during that period.
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