Which of the following questions will prescriptive analytics help a company address?
A) How many and what types of complaints did they resolve?
B) What is the best way of shipping goods from their factories to minimize costs?
C) What do they expect to pay for fuel over the next several months?
D) What will happen if demand falls by 10% or if supplier prices go up 5%?

Question

Quizplus · Accepted Answer

Prescriptive analytics involves using data to make recommendations and decisions to optimize outcomes. The question about the best way to ship goods to minimize costs is a problem that can be addressed through prescriptive analytics. The other options involve descriptive or predictive analytics.

Which of the Following Questions Will Prescriptive Analytics Help a Company