How does prescriptive analytics relate to descriptive

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How does prescriptive analytics relate to descriptive and predictive analytics?
Explain the differences between static and dynamic models. How can one evolve into the others?
What is the difference between an optimistic approach and a pessimistic approach to decision making under assumed uncertainty?
Explain why solving problems under uncertainty sometimes involves assuming that the problem is to solved under conditions of risk.
Excel probably the most popular spreadsheet software for PCs. Why? What can we do with this package that makes it so attractive for modeling efforts?
Explain how decision trees work. How can a complex problem be solved by using a decision tree?
Explain how LP can solve allocation problems.
Explain how LP can solve allocation problems.
What are the advantages of using a spreadsheet package to create and solve LP models? What are the disadvantages?
Explain how multiple goals can arise in practice.
Many computer games can be considered visual stimulations. Explain why?

Reference no: EM133054446

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