Match the type of analytics to which tool would be in each scenario. A company would like to estimate the sales of a product it sells for the year 2022. a. Prescriptive analytics. A company would like to determine the number of products it should manufacture in order to maximize their profits. b.Predictive analytics c. Descriptive analytics A company would like a summary of the hours worked and salaries paid for its employees during the past year.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.7: Probability
Problem 60SE: Use this data for the exercises that follow: In 2013, there were roughly 317 million citizens in the...
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Question 3
Match the type of analytics to which tool would be in each scenario.
A company would like to estimate the sales of a product it sells for the year 2022.
a. Prescriptive analytics
A company would like to determine the number of products it should manufacture in order to
maximize their profits.
b. Predictive analytics
c. Descriptive analytics
A company would like a summary of the hours worked and salaries paid for its
employees during the past year.
Transcribed Image Text:Question 3 Match the type of analytics to which tool would be in each scenario. A company would like to estimate the sales of a product it sells for the year 2022. a. Prescriptive analytics A company would like to determine the number of products it should manufacture in order to maximize their profits. b. Predictive analytics c. Descriptive analytics A company would like a summary of the hours worked and salaries paid for its employees during the past year.
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