
QUIZIZZ_BA_TYPES OF PRESCRIPTIVE MODELLING_16052023
Authored by Mohan K
Business
University
Used 1+ times

AI Actions
Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...
Content View
Student View
14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary goal of optimization modeling?
a) Describe data patterns
b) Predict future trends
c) Find optimal solutions
d) Identify correlations
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of prescriptive modeling technique aims to maximize profits or minimize costs?
a) Regression modeling
b) Simulation modeling
c) Decision tree modeling
d) Linear programming
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of simulation modeling in business analytics?
a) Predict future outcomes
b) Identify trends
c) Find optimal solutions
d) Mimic real-world systems
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of prescriptive modeling technique is used to analyze complex decisions with multiple variables?
a) Decision tree modeling
b) Regression modeling
c) Simulation modeling
d) Linear programming
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In linear programming, what term describes the constraints that must be satisfied?
a) Decision variables
b) Objective function
c) Feasible region
d) Dual variables
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which prescriptive modeling technique uses decision trees to represent possible decision outcomes?
a) Regression modeling
b) Simulation modeling
c) Linear programming
d) Decision tree modeling
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main objective of regression modeling?
a) Find optimal solutions
b) Identify trends
c) Predict future outcomes
d) Analyze complex decisions
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple
Others
Already have an account?