Which of the following statements about Prescriptive Analytics is FALSE?Select one:a. It relies on historical data and models.b. It provides recommendations for future actions.c. It is mainly used for summarizing past performance.d. It can be used to optimize engineering processes.
Question
Which of the following statements about Prescriptive Analytics is FALSE?Select one:a. It relies on historical data and models.b. It provides recommendations for future actions.c. It is mainly used for summarizing past performance.d. It can be used to optimize engineering processes.
Solution
The false statement about Prescriptive Analytics is:
c. It is mainly used for summarizing past performance.
Prescriptive Analytics is not mainly used for summarizing past performance. That is the role of Descriptive Analytics. Prescriptive Analytics, on the other hand, uses historical data, algorithms, and machine learning to suggest actions for future scenarios.
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