CAF-3 · Chapter 3 · Question 11 of 15
An airline system automatically adjusts ticket prices in real-time based on demand forecasts to maximize revenue. This is an application of:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Prescriptive Analytics
Explanation
Automatically adjusting and optimizing actions (like ticket pricing) based on demand forecasts leverages prescriptive analytics
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