QUIZIZZ_BA_BENEFITS OF PRESCRIPTIVE ANALYTICS_26042023

What is the primary objective of prescriptive analytics?

• a. To predict future events
• b. To identify patterns
• c. To prescribe actions
• d. To summarize data

Which type of analytics is used to recommend the best course of action?

• a. Descriptive Analytics
• b. Predictive Analytics
• c. Prescriptive Analytics
• d. Diagnostic Analytics

Which of the following is a benefit of prescriptive analytics?

• a. It helps identify trends
• b. It provides insights into historical data
• c. It improves decision-making
• d. It summarizes data

What is the difference between predictive and prescriptive analytics?

• a. Predictive analytics uses historical data, while prescriptive analytics uses current data
• b. Predictive analytics forecasts future events, while prescriptive analytics recommends actions
• c. Predictive analytics provides insights, while prescriptive analytics provides summaries
• d. Predictive analytics focuses on patterns, while prescriptive analytics focuses on trends

Which of the following is an example of prescriptive analytics?

• a. Recommending a product based on a customer's purchase history
• b. Predicting which customers are likely to churn
• c. Identifying which products are selling well
• d. Suggesting the best course of action to increase sales

How can prescriptive analytics benefit a business?

• a. By reducing operational costs
• b. By identifying patterns in customer behavior
• c. By providing insights into historical data
• d. By improving decision-making

Which of the following is a challenge of implementing prescriptive analytics?

• a. It requires specialized knowledge and skills
• b. It is time-consuming
• c. It is expensive
• d. It only works for large businesses

What is the main advantage of using prescriptive analytics in marketing?

• a. It helps identify trends
• b. It provides insights into customer behavior
• c. It improves decision-making
• d. It summarizes data

Which type of analytics is used to determine the root cause of a problem?

• a. Descriptive Analytics
• b. Predictive Analytics
• c. Prescriptive Analytics
• d. Diagnostic Analytics

What is the primary goal of prescriptive analytics in healthcare?

• a. To reduce healthcare costs
• b. To improve patient outcomes
• c. To identify trends in patient data
• d. To summarize medical records