Which of these techniques would be considered predictive analytics?
A)transportation models
B)economic order quantity models
C)linear programming
D)simulation

Question

Quizplus · Accepted Answer

Predictive analytics refers to the use of statistical algorithms and machine learning techniques to analyze current and historical data in order to make predictions about future events or behaviors. Simulation is a technique that involves creating a model of a system or process and then running scenarios to see how the system will behave under different conditions. This is a key application of predictive analytics, as it allows organizations to test different scenarios and predict the likely outcomes of various decisions or actions. The other techniques listed (transportation models, economic order quantity models, and linear programming) are all optimization techniques that are used to help make decisions about how to allocate resources, manage inventory, or minimize costs, but they do not involve the same level of predictive analysis as simulation.

Which of These Techniques Would Be Considered Predictive Analytics