Decision making using analytics is viewed as Question 5 options: descriptive (use of data to summarize the present situation). All of these choices are correct. prescriptive (use of mathematical models to optimize decisions). predictive (use of data to predict what is likely to happen).
Decision making using analytics is viewed as Question 5 options: descriptive (use of data to summarize the present situation). All of these choices are correct. prescriptive (use of mathematical models to optimize decisions). predictive (use of data to predict what is likely to happen).
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.4: Multiple Regression Models
Problem 12P
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Decision making using analytics is viewed as
Question 5 options:
|
descriptive (use of data to summarize the present situation). |
|
All of these choices are correct. |
|
prescriptive (use of mathematical models to optimize decisions). |
|
predictive (use of data to predict what is likely to happen). |
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