What is predictive analytics?Question 4Answera.Using past data and additional inputs to organizational restructuringb.Using past data to plan for organizational goalsc.Using past data to identify how many males versus females were hiredd.Using past data and additional inputs to predict possible future outcomes
Question
What is predictive analytics?Question 4Answera.Using past data and additional inputs to organizational restructuringb.Using past data to plan for organizational goalsc.Using past data to identify how many males versus females were hiredd.Using past data and additional inputs to predict possible future outcomes
Solution
Predictive analytics refers to the use of past data and additional inputs to predict possible future outcomes. This involves extracting information from existing data sets in order to determine patterns and predict future outcomes and trends. It does not guarantee that the future will happen exactly as predicted, but it can provide a plausible scenario based on the data. So, the correct answer is d. Using past data and additional inputs to predict possible future outcomes.
Similar Questions
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.
How does Predictive Analytics differ from Prescriptive Analytics?It tells what will happen in the future.It suggests ways to handle a possible future scenario.It examines the root causes of an event.It provides current data visualizations
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