CAF-3 · Chapter 3 · Question 9 of 15
Predictive analytics relies heavily on which of the following foundations?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) Machine learning models and historical trends
Explanation
Predictive analytics uses machine learning models (like Random Forest or Regression) and historical trends to forecast future outcomes
More Data Analytics Maturity Model (The 4 Stages) MCQs
- Q11An airline system automatically adjusts ticket prices in real-time based on demand forecasts to maximize revenue. This is an application of:
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- Q13The implementation of data analytics provides organizations with a competitive advantage. How is this advantage primarily achieved?
- Q14What is considered a major challenge in implementing data analytics that can lead to inaccurate predictions and misguided decisions?
- Q15A software company observes a sudden increase in user complaints regarding an app crash. The IT team analyzes system log files to pinpoint…
