Exam (elaborations)
QMB 3200 Midterm 1 2024 Test with Questions and Answers|100% Solution
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- Institution
Descriptive Analytics - Describes Past Data Predictive Analytics - Uses past data to predict Future (inference) Prescriptive Analytics - Uses models to find Optimal Solution Scales of Measurement - Nominal & Ordinal (Categorical); Interval & Ratio (Quantitative) Nominal Data - Data which consi...
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