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.
Question
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.
Solution
Predictive analytics is a process that involves summarizing data into meaningful charts and reports. These charts and reports can be standardized or customized based on the specific needs of the user. The main goal of predictive analytics is to identify the best alternatives that can help minimize or maximize a specific objective. This is done by analyzing the available data and using it to determine the most suitable course of action to be executed in a given situation. One of the key aspects of predictive analytics is its ability to detect patterns in historical data and extrapolate them forward in time. By doing so, predictive analytics can provide valuable insights and predictions for future events or outcomes.
Similar Questions
What is predictive analytics?
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?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
the use cases of predictive analytics?
Predictive analytics involves taking historical data.TRUEFALSE
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