Which of the following supports the assessment that descriptive and predictive analytics benefit from a high volume of data?
A) Statistical analysis and reliability of predictions are better when the population size increases.
B) A forecasting method with many input factors can predict better than the one with only a few input factors.
C) More data beats better modeling.
D) All of the above

Question

Quizplus · Accepted Answer

Each statement supports the idea that both descriptive and predictive analytics improve with a larger volume of data: A) highlights the improvement in statistical analysis and prediction reliability with more data; B) suggests that having more input factors (which implies more data) enhances forecasting capabilities; and C) directly states that having more data is preferable to having a more sophisticated model.

Which of the Following Supports the Assessment That Descriptive and Predictive