To answer the question of “What should be done,” one would apply ____________________.
A. |
diagnostic analytics |
|
B. |
descriptive analytics |
|
C. |
predictive analytics |
|
D. |
prescriptive analytics |
Solution:
D) Prescriptive analytics,
All of the above are the various analytics used in the business.
Prescriptive analytics is a type of predictive analytics, It can suggest all favorable outputs according to a selected alternative of action and also suggest various alternatives to get to a particular output. In simple words it defines 'what should be done'.
Rest of the options are wrong related with the above statement . Because predictive analytics used to predict the future, Diagnostic analytics is an evaluation of the past and descriptive analytics is the conclusion of the findings and understand what is going on.
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