Which of the following is an advantage of using Excel modeling for prescriptive analytics?
A) Spreadsheets are easy to use and available at universities and other organizations.
B) Spreadsheet modeling offers a high degree of data integrity.
C) Spreadsheet models can be more accurate than specialized optimization software programs.
D) All of the above

Question

Quizplus · Accepted Answer

Spreadsheets like Excel are widely used in academic and professional settings due to their ease of use and availability. This accessibility makes them a popular choice for various types of analytics, including prescriptive analytics. However, spreadsheets may not always offer the highest degree of data integrity or accuracy compared to specialized software, which is designed for specific analytical tasks and often includes advanced features for data validation and optimization.

Which of the Following Is an Advantage of Using Excel