Simulation, which is the use of probability and statistical computer models to better understand risk, falls under the category of _____ analytics.
A) prescriptive
B) predictive
C) descriptive
D) diagnostic

Question

Quizplus · Accepted Answer

Simulation falls under the category of predictive analytics, as it involves creating models to predict possible outcomes and understand risk. Prescriptive analytics involves using data to make decisions, while descriptive analytics focuses on analyzing past data to understand trends. Diagnostic analytics involves analyzing data to understand why certain events occurred.

Simulation, Which Is the Use of Probability and Statistical Computer