What is predictive analytics?Question 7Answera.Using past data and additional inputs to organizational restructuringb.Using past data to plan for organizational goalsc.Using past data and additional inputs to predict possible future outcomesd.Using past data to identify how many males versus females were hired

What is predictive analytics?Question 8Answera.Analysis that looks at historical data to understand what happened in the pastb.Analysis that forecasts future outcomes based on existing and historical data setsc.Analysis that generalizes data to recommend actionsd.Analysis that looks at existing data to determine trends and patterns in the workforce

What is predictive analytics?

Predictive analytics involves taking historical data.TRUEFALSE

Predictive analytics: Group of answer choicessummarizes data into meaningful charts and reports that can be standardized or customized.identifies the best alternatives to minimize or maximize an objective.uses data to determine a course of action to be executed in a given situation.detects patterns in historical data and extrapolates them forward in time.

b) Find a real-life example of predictive analytics and/or data analytics techniques and briefly describe it (e.g. supervised or unsupervised, classification or regression, prediction or inference, state the response variable, the predictors, the model, results, potential drawbacks). You can include plots to support your description. Your example does not need to be limited to a business context.