Predictive analytics:
A) summarizes data into meaningful charts and reports that can be standardized or customized.
B) identifies the best alternatives to minimize or maximize an objective.
C) uses data to determine a course of action to be executed in a given situation.
D) detects patterns in historical data and extrapolates them forward in time.

Question

Quizplus · Accepted Answer

Predictive analytics specifically refers to the use of historical data to detect patterns and trends, and then using these patterns to make informed predictions about future events or behaviors. This is distinct from summarizing data, identifying best alternatives, or determining courses of action, which are related to other forms of analytics or decision-making processes.

Predictive Analytics