What type of analytics seeks to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible?

Question

Social Studies

Guest

3 September, 04:14

What type of analytics seeks to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible?

+1

Answers (1)

Know the Answer?

Mugsy · Answer 1

Predictive analytics

Explanation:

Predictive analytics invlove predictions based on historical and current data. It makes use of predictive models, applying a variety of statistical techniques to analyze patterns and inform decision making. It is largely used in business to assess risks and opportunities in business decisions such as new venture threats and opportunities.