A key term in prescriptive analysis is
A)randomization.
B)differentiation.
C)optimization.
D)experimentation.
E)amortization.

Question

Quizplus · Accepted Answer

Prescriptive analysis focuses on identifying the best course of action to take in a given situation. This involves optimization, or finding the decision that will maximize the desired outcome. Randomization refers to a technique used in experimental design, differentiation generally refers to mathematical operations, experimentation involves actual testing of different scenarios or interventions, and amortization refers to paying off a debt over a period of time. Therefore, the best choice is optimization (C).

A Key Term in Prescriptive Analysis Is