The management at Gellar Corp. is compiling data for their data analytics team. Gellar is a factory that produces gummy bear candy, and they are very interested in what changes can be made in the next few years to reduce costs. What specific technique could be utilized to evaluate various scenarios that management may envision happening?
A) Association rules, a prescriptive analytics technique
B) Regression analysis, a predictive analytics technique
C) What-if analysis, a predictive analytics technique
D) What-if analysis, a prescriptive analytics technique

Question

Quizplus · Accepted Answer

This question requires familiarity with data analytics and more specifically the techniques available under prescriptive analytics. While the question does not specifically identify prescriptive analytics, you must be able to determine the management of Gellar Corp. needs that type to satisfy their needs. Choice D is correct because it both correctly identifies the type of data analysis and a specific technique from that type that would help management evaluate various scenarios. The remaining choices are incorrect because they contain mismatches of a data analysis and corresponding techniques, or the selection would not address the concerns of management.

The Management at Gellar Corp