Optimization models, which generate solutions that maximize or minimize some objective subject to a set of constraints, fall into the category of _____ analytics.
A) prescriptive
B) predictive
C) descriptive
D) diagnostic

Question

Quizplus · Accepted Answer

Optimization models fall under the category of prescriptive analytics, which suggests the best solution to a problem by considering all constraints and objectives. Predictive analytics aims to make predictions about future outcomes based on historical data, while descriptive analytics focuses on describing past and present data. Diagnostic analytics aims to identify the causes of specific events or patterns.

Optimization Models, Which Generate Solutions That Maximize or Minimize Some