Which of the following is similar to the actuarial methods used by insurance companies to rate customers by the chance of positive or negative outcomes?
A) Marketing
B) Strategic planning
C) Research and development
D) Business analytics
E) Information systems

Question

Quizplus · Accepted Answer

Business analytics involves using statistical methods and data analysis to predict outcomes, similar to how actuarial methods assess risk and predict outcomes for insurance companies.

Which of the Following Is Similar to the Actuarial Methods