Prescriptive analytics:
A) summarizes data into meaningful charts and reports that can be standardized or customized.
B) identifies patterns and relationships existing in large data sets.
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

Prescriptive analytics specifically refers to the use of data to prescribe actions for future decisions and strategies, focusing on advising on possible outcomes. It goes beyond merely analyzing data to actually suggesting actions that can benefit the situation at hand.

Prescriptive Analytics