Which statement is true concerning data analytics?
- Predictive analytics uses simulation models and forecasting to suggest what could happen.
- Descriptive analytics attempts to predict what will happen next.
- Descriptive analytics uses a feedback system to track the outcome of actions taken.
- Prescriptive analytics uses historical data to provide regular reports on events that have already happened.
| Explanation & Hint:
Descriptive analytics uses historical data to provide regular reports on events that have already happened. Prescriptive analytics uses a feedback system to track the outcome of actions taken. Predictive analytics uses data and statistical techniques to predict future trends. All three types of analytics (Prescriptive, Predictive, and Descriptive) are used in Big Data analysis. |