CAF-3 · Chapter 3 · Question 12 of 15
If a company wants to utilize optimization algorithms, simulations, and decision trees, they are planning to implement which type of analytics?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: D) Prescriptive Analytics
Explanation
Optimization algorithms, simulations, and decision trees are the key techniques used in Prescriptive Analytics . --------------------------------------------------------------------------------
More Data Analytics Maturity Model (The 4 Stages) MCQs
- Q14What is considered a major challenge in implementing data analytics that can lead to inaccurate predictions and misguided decisions?
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- Q1What is the primary goal of implementing data analytics within an organization?
- Q2During the Data Analytics Cycle, an analyst creates summary statistics, plotting distributions, and scatter plots. Which stage of the…
- Q3According to the 7-step Data Analytics Cycle, once data has been collected, cleaned, and explored, what is the immediate next step?
