C prescriptive analytics - Study guides, Class notes & Summaries

Amanda is measuring the temperature. She looks at the thermometer and sees that it is somewhere between 65 and 66 degrees Fahrenheit. She is okay with the temperature in between two integers because she knows temperature is not ________ data, but temperature is _________ data.  a) Nominal, Ordinal  b) Nominal, Discrete  c) Continuous, Discrete  d) Discrete, Continuous Feedback: The correct answer is D. Temperature is not a measure that comes in increments (discrete) but is co...

For companies to attract and retain their best customers they need a complete portrait of who they are. To develop this portrait companies turn to... a. Statistics b. Analytics c. Management Science d. Histograms - Answer- b A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? a. Descriptive Analytics b. Predictive Analytics c. Prescriptive Analytics d. Diagnostic Analyti...

Which of the following statement describes the key take away points of Analytics Applications in Healthcare - Humana Example 1? a) Humana's prevention efforts aim to treat all injuries after a fall more efficiently. b) As a strategy to enhance well-being of its members, Humana promotes increased utilization of physical therapy as a better alternative than investing in high-cost analytics. c) Using analytics can reduce healthcare costs by identifying subgroups of Humana members that are at ...

T or F:Decision support system are computer-based support systems that integrate individuals' expertise and computer capabilities, and they have precise definitions agreed to by practitioners. - correct answers False Business Intelligence (BI) - correct answers is an umbrella term that combines architectures, databases, analytical tools, applications, and methodologies T or F: Data is a collection of observations, experiments, and experiences that do not necessarily represent absolute fac...

1. For companies to attract and retain their best customers they need a com- plete portrait of who they are. To develop this portrait companies turn to... a. Statistics b. Analytics c. Management Science d. Histograms ANS : b 2. A manufacturer wants to maximize their factory output while specifically minimizing labor costs. What type of analytics might they employ to achieve this goal? a. Descriptive Analytics b. Predictive Analytics c. Prescriptive Analytics d. Diagnostic Analytics A...

WPC 300 Exam 2 () || With 100% Accurate Solutions WPC 300 Exam 2 () || With 100% Accurate Solutions Which of the following statements is true? a - experimentation is a way of analytical thinking b - analytical thinking is not based on facts c - using intuition is a way of analytical thinking d - heuristic thinking is slow - ANSWER - a - experimentation is a way of analytical thinking __________ refers to a bias that causes an individual to value an owned object higher than its mar...

____________ ____________ answers the question: "Why did it happen? Diagnostic analytics ____________ ____________ answers the question: "What happened? Descriptive analytics ____________ ____________ answers the question: "What is likely to happen?" Predictive analytics ____________ ____________ answers the question: "What should be done?" Prescriptive analytics (a) A university publishes its graduation rate on its website. The graduation rate is 5% lower ...

A variant is a CBP feature that strictly adheres to the standard CBP. - ️️a A(n) _____ is a sequence of activities that is intended to create a certain result. a. inventory b. process c. service d. variant - ️️process Which of the following is lowest in goods content and highest in service content? answer with letter a. Filling a medical prescription b. Attending a theater production c. Getting an oil change for your car d. Dining at a fast-food restaurant - ️️b W...

Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions? a. Prescriptive b. Predictive c. Pareto chart d. Biased - Answer a What are two reasons for the increasing use of analytics in organizational decision making? a. Relatively lower cost of computer storage b. Lower availability of statistical experts c. Higher cost of obtaining data d. Higher computer processing power - Answer a,...

WPC EXAM 1 PRACTICE QUESTIONS WPC EXAM 1 PRACTICE QUESTIONS|GUARANTEED SET|VERIFIED WITH ACCURATE ANSWERS Predictive analytics may be applied to __________, which is a set of techniques that use descriptive data and forecasts to identify the decisions most likely to result in the best performance. a. Explanatory analytics b. Prescriptive analytics c. Forecast analytics d. Descriptive analytics - Accurate AnswerPrescriptive Analytics Which of the following is an example of secondary...