Business analytics
A) is retrospective rather than predictive.
B) enables a firm to learn from experience and to make current and future decisions based on prior information.
C) uses mathematical models that enhance decision making at only the topmost levels of management.
D) can enable a company to benefit from measuring risk, but it cannot enable the company to manage risk.
E) as an industry is experiencing a decline in revenue.

Question

Quizplus · Accepted Answer

Business analytics enables a firm to learn from experience and make current and future decisions based on prior information. It encompasses both retrospective analysis of past performance and predictive analysis to inform future decisions. It can be used by all levels of management and can help a company manage risk by providing insight into potential outcomes. The industry of business analytics is actually growing and expected to continue to do so in the future.

Business Analytics