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What uses techniques that create models indicating the best decision to make or course of action to take quizlet?

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Which type of analytics has a model that yields a best course of action to take?

Prescriptive analytics is the process of using data to determine an optimal course of action. By considering all relevant factors, this type of analysis yields recommendations for next steps.

What are prescriptive analytics quizlet use techniques?

Prescriptive analytics is a set of techniques that use descriptive data and forecasts to identify the decisions most likely to result in the best performance. Usually, an organization uses prescriptive analytics to identify the decisions or actions that will optimize the performance of a system.

What is prescriptive analytics quizlet?

Prescriptive analytics attempt to quantify the effect of future decisions in order to advise on possible outcomes before the decisions are actually made.

What do we use prescriptive analytics for?

Prescriptive analytics specifically factors information about possible situations or scenarios, available resources, past performance, and current performance, and suggests a course of action or strategy. It can be used to make decisions on any time horizon, from immediate to long-term.

techniques create models indicating decision make action quizlet

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