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Compare predictive analytics with prescriptive analytics

Assignment Help Management Information Sys
Reference no: EM131622447

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Question Q1 - BI by Example

Explain how you will decide between using DSS, BI or BI Analytics to provide a solution to a major business problem at your company (assuming that your company has the funds already allocated to implement a solution). Define the business problem before providing a solution. If you are not currently working, then use a former company at which you were employed.

Q2 - Predictive, prescriptive, and descriptive analytics

Compare and contrast predictive analytics with prescriptive and descriptive analytics. Please use examples to support your answer.

Q3 - Decision Making

Explain why is it important to focus on the effectiveness of a decision, not necessarily the efficiency of making a decision?

Reference no: EM131622447

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