Using observations of past actions to predict future actions for similar events is referred to as ________ and is an example of ________ analytics.
A) artificial intelligence; prescriptive
B) artificial intelligence; predictive
C) applied statistics; prescriptive
D) applied statistics; predictive

Question

Quizplus · Accepted Answer

Using observations of past actions to predict future actions for similar events is referred to as predictive analytics, and is typically part of artificial intelligence (AI) applications. While applied statistics can also be used for predictive analytics, AI is generally better suited when analyzing large amounts of complex data. Prescriptive analytics, on the other hand, takes predictive analytics a step further by providing recommendations for actions to take based on the predictions generated by the model.

Using Observations of Past Actions to Predict Future Actions for Similar