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

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Question 2 (2 points) ✓ Saved A summary or interpretation of a data set is an example of: O Prescriptive Analytics Targeting

Answer 1

Answer #1

Solution:

Descriptive analytics is the interpretation of historical data to better understand changes that have occurred in the past. In descriptive analytics, we use the range of historic data to draw comparisons. IT uses the data to give the basic summary like (shape, size, and spread of the data)
Predictive analytics is the practice of extracting information from existing data sets in order to determine patterns and predict future outcomes and trends. In predictive analytics, it can't tell what will happen in the future.
Prescriptive Analytics is the area of data analytics that focuses on how to find the best way to take action to prevent loss in the face of uncertainty. It's related to both descriptive analytics and predictive analytics but this area is based on actionable insights instead of data monitoring.

Therefore, A summary or interpretation of a dataset is an example of Descriptive Analytics:

Answer 2

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