Which one of the various stages of sophistication and robustness associated with supply chain analytics focuses on questions such as what is likely to happen, what are the likely trends, and what are the results if certain events occur?
A) Descriptive
B) Predictive
C) Prescriptive
D) Cognitive

Question

Quizplus · Accepted Answer

The stage of predictive analytics focuses on answering questions about likely trends and future outcomes based on past data. Descriptive analytics focuses on understanding past performance, while prescriptive analytics focuses on providing actionable recommendations for optimal outcomes. Cognitive analytics goes beyond traditional analytics to incorporate machine learning and natural language processing.

Which One of the Various Stages of Sophistication and Robustness