What type of analytics seeks to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible? domain predictive prescriptive descriptive
What type of analytics seeks to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible? domain predictive prescriptive descriptive
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter13: Regression And Forecasting Models
Section13.4: Multiple Regression Models
Problem 16P: Suppose that a regional express delivery service company wants to estimate the cost of shipping a...
Related questions
Question
What type of analytics seeks to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible?
domain
|
||
predictive
|
||
prescriptive
|
||
descriptive
|
What does the robustness of a data mining method refer to?
its ability to construct a prediction model efficiently given a large amount of data
|
||
its speed of computation and computational costs in using the mode
|
||
its ability to overcome noisy data to make somewhat accurate predictions
|
||
its ability to predict the outcome of a previously unknown data set accurately
|
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,