Which of the following analytical techniques helps us arrive at the best decision?
A)Predictive analytics
B)Data mining
C)Prescriptive analytics
D)Descriptive analytics

Question

Quizplus · Accepted Answer

Prescriptive analytics is the only technique among the given options that helps us arrive at the best decision. Descriptive analytics helps us understand the past trends and patterns, predictive analytics predicts future outcomes, and data mining extracts valuable information from large amounts of data. Prescriptive analytics, on the other hand, uses previous data to recommend the best course of action in a specific situation. It not only predicts the outcome of each potential decision but also suggests the decision that leads to the best possible outcome.

Which of the Following Analytical Techniques Helps Us Arrive at the Best