What focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization?
A)Distributed computing
B)Advanced analytics
C)Analysis paralysis
D)Data artist

Question

Quizplus · Accepted Answer

Advanced analytics focuses on forecasting future trends and producing insights using sophisticated quantitative methods. These methods include statistics, descriptive and predictive data mining, simulation, and optimization. Distributed computing refers to the use of multiple computers working together to solve a problem, analysis paralysis is the state of over-analyzing or over-thinking a situation, and a data artist is someone who brings creativity to data analysis and visualization.

What Focuses on Forecasting Future Trends and Producing Insights Using