Using data to estimate what is likely to occur in the future is an example of...

Question

Question

Answer 1

Answer #1

Correct Answer : A) Predictive Analytics

Reason : A Predictive analytics involves estimation of future values or events based upon data gathered from historical events.

In case of any doubts or issues please do comment below

Answer 2

Similar Homework Help Questions

Question 2 (2 points) ✓ Saved A summary or interpretation of a data set is an...

Question 2 (2 points) ✓ Saved A summary or interpretation of a data set is an example of: O Prescriptive Analytics Targeting Analytics O Predictive Analytics O Descriptive Analytics
Q1/ Differentiate between Descriptive and Prescriptive analytics. Q2/ What is Data Mart? Differentiate between dependent data...

Q1/ Differentiate between Descriptive and Prescriptive analytics. Q2/ What is Data Mart? Differentiate between dependent data mart and independent data mart.
What is one of the four elements of the process cycle for customer relationship management? Select...

What is one of the four elements of the process cycle for customer relationship management? Select one: a. customer interaction b. customer satisfaction c. customer loyalty d. customer profitability e. customer support It is possible today to calculate the total financial returns for each customer. Select one: True False What type of marketing analytics is being used when data is used from likes for posts on Facebook? Select one: a. Web analytics b. retail analytics c. demographic analytics d. social...

To what extent do you think that predictive analytics and big data are the future of...

To what extent do you think that predictive analytics and big data are the future of strategic analysis? Justify your answer.
1.Which of the following is the most likely application of data analytics for accountants to develop...

1.Which of the following is the most likely application of data analytics for accountants to develop expertise in? Multiple Choice Directed marketing campaigns. Scientific research. Medical testing. Domain knowledge of business functional areas. 2.One of the benefits of using Tableau is its ability to connect to a wide variety of data sources. Once connected to those sources, users can do which of the following? Multiple Choice Create calculated fields. Build relationships between data sources. All of the other answers are...
DisCUSSION QUESTION 4. When discussing KDDM, what is the meaning of the fol- analytics questions you...

DisCUSSION QUESTION 4. When discussing KDDM, what is the meaning of the fol- analytics questions you would want to consider in your work setting. lowing adage: "Garbage in, garbage out"? 5. Fig. 23.7 includes 10 components every data governance program should employ. For each component, provide one implication of that component within a healthcare setting. , Compare and contrast the types and methods that are available for EDA, predictive, and prescriptive analytics. Give examples of each. s Why is it...

What are the future trends in healthcare data and analytics?

What are the future trends in healthcare data and analytics?
A component of a master budget that provides an estimate of an organization's profitability during a future period is t...

A component of a master budget that provides an estimate of an organization's profitability during a future period is the Multiple Choice O Budgeted Income Statement O Cash Budget O Sales Budget O Budgeted Balance Sheet
34. The use of data analytics will likely result in significant changes to clients’ expectations of...

34. The use of data analytics will likely result in significant changes to clients’ expectations of their auditors. Which of the following is most likely not one of those expected changes? Multiple Choice a. More time spent gathering and testing data. b. More innovative thinking. c. Deeper and broader insights. d. Faster and more efficient delivery of audit findings. 35. Which of the following least reflects the purpose of a business rule in the conversion process? Multiple Choice a. Assuring...

Choose an organization that you are passionate about. Consider how this organization is performing. Are there...

Choose an organization that you are passionate about. Consider how this organization is performing. Are there areas for improvement? Even the most well-run organizations experience problems. Now imagine for a moment that your team has been recently hired as analytic consultants for this organization. Brainstorm and come up with 2-3 ideas that that organization may be facing currently. It is your team’s job to investigate why things are happening. For example: Why are sales declining or why do our products...