predictive analytics in consumer product goods
Pros:
i) It helps to create business strategies also understand customer needs and engage existing customer. We can create categories the customer to better the sales.
ii) This technique helps us to make decision from managerial level and executive level, also help sales forecasting, production optimization etc.
iii) We can predict expected sales growth when change market trends and gain market share. It can maximize supply chain efficiency so that company gets in a better position.
Cons:
i) Customer behavior changes due to financial crisis or fall in market share.
ii) Consumer used a number of channels for interacting with the companies but fraud and security analytics being misused by either internal or external threats.
iii) If product is unavailable then consumer will buy this product from another store.
Differentiate between descriptive analytics and predictive analytics?
pros and cons of rescinding the Frank-Dodd Wall Street Reform and Consumer Act (2010).
How are prescriptive and predictive analytics different from descriptive analytics?
What are the pros and cons of slashing product prices in China?
What are Pros and cons of GAAP? What are pros and cons of IFRS?
Rogers theory: pros and cons Lippitt theory: pros , cons
List and discuss (three each) pros and cons of NAFTA (3 pros and 3 cons). Be sure that you include in those pros and cons a general discussion of the benefits and detriments to the United States. There should be three substantive and comprehensive pro and cons paragraphs referencing facts.
Discuss the pros and cons of assessing performance in quality measurement activities.Discuss the pros and cons of assessing performance in quality measurement activities.
Discuss the differences between descriptive analytics and predictive analytics. Give an example of when you may use each type.
Discuss how one of the two listed data analytics tools (explanatory and predictive analytics) can be applied in health care. Give a specific use example.