Which of the following fields of business analytics finds the optimal method of using resources to achieve the objectives of a business?
A) Simulation
B) Regression
C) Mathematical programming
D) Discriminant analysis

Question

Quizplus · Accepted Answer

Mathematical programming, also known as optimization, is the field of business analytics that helps businesses find the optimal way to allocate resources to achieve their objectives. It involves formulating a mathematical model of the business problem and then applying mathematical algorithms to find the best solution. Simulation, regression, and discriminant analysis are all useful techniques in business analytics, but they do not specifically focus on resource optimization in the same way that mathematical programming does.

Which of the Following Fields of Business Analytics Finds the Optimal