Predictive and Prescriptive Analytics Quiz

What is the primary goal of predictive analytics?

• Describing past events

• Predicting future outcomes

• Prescribing actions

• Visualizing data

Predictive analytics draws inferences from:

• Future assumptions

• Present feelings

• Past data patterns

• Survey responses

Which sector is NOT mentioned as one benefiting from predictive analytics?

• Health care

• Finance

• Marketing

• Entertainment

What technology has amplified the relevance of predictive analytics?

• Blockchain

• Big data

• Internet of Things (IoT)

• Augmented Reality (AR)

In healthcare, predictive analytics can help to:

• Reduce hospital costs

• Identify high-risk patients

• Develop new medicines

• Increase patient satisfaction scores

What does predictive analytics also evaluate besides predicting outcomes?

• Model training

• Model reliability

• Data cleaning

• Data integration

Which technique defines the relationship between dependent and independent variables?

• Decision trees

• Neural networks

• Regression analysis

• Ensemble methods

Which predictive technique visually represents decision-making processes?

• Regression analysis

• Neural networks

• Decision trees

• Support vector machines

Neural networks are especially suited for:

• Classifying decision options

• Analyzing simple relationships

• Image recognition tasks

• Predicting linear outcomes

What method combines several models to improve prediction accuracy?

• Regression analysis

• Ensemble methods

• Neural networks

• Decision trees