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How prescriptive analytics relate to descriptive analytics

Assignment Help Basic Computer Science
Reference no: EM132913192

Question 1: How does prescriptive analytics relate to descriptive and predictive analytics?

Question 2: Explain the differences between static and dynamic models. How can one evolve into the other?

Question 3: What is the difference between an optimistic approach and a pessimistic approach to decision making under assumed uncertainty?

Question 4: Explain why solving problems under uncertainty sometimes involves assuming that the problem is to be solved under conditions of risk.

Reference no: EM132913192

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