Predictive modeling and classification are two major areas of study in analytics. Besides the ones we discussed in this module (namely, logistic regression, CART, and k-NN) find at least one different predictive modeling approach and one classification approach. Using scholarly citations, describe how each method is used in practice.
Support your post with information and concepts from the class readings. Use APA-style references wherever necessary to support your discussion. See the MIS Library Guide (Links to an external site.) for access to relevant databases and research.
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Predictive modeling and classification are two major areas of study in analytics. Besides the ones we...
Suppose you’re the owner of two bookstores A and B in a major city. These two stores are located far from each other, and, hence, the sales from A do not affect the sales from B. Unfortunately, due to high operating cost, you have to close down one of the stores. You have 10 years of historical data on sales from both stores. In terms of hypothesis testing, describe how you would make your decision based on the sales datasets....