Which of the following techniques involves forecasting models such as statistical and mathematical models?
A)descriptive analytics
B)prescriptive analytics
C)predictive analytics
D)quantitative analysis

Question

Quizplus · Accepted Answer

Predictive analytics involves the use of statistical and mathematical models to make predictions about future outcomes. Descriptive analytics focuses on summarizing and understanding past data, prescriptive analytics involves recommending specific actions to achieve a desired outcome, and quantitative analysis encompasses various methods of data analysis, not necessarily focused on forecasting models.

Which of the Following Techniques Involves Forecasting Models Such as Statistical