1
Prescriptiv Analytics is a broad term that refers to
e a variety of tools that inform
TERM managerial decisions.
Which term can be used to describe
managerial decisions
DEFINITION
,2
,Relatively lower cost of computer What are two reasons for the
storage Higher computer processing increasing use of analytics in
power organizational decision making?
TERM
Choose 2 answers
DEFINITION
3
By quantifying In what way does probability theory
risk inform decision-making for managers?
TERM DEFINITION
4
Ordinal
TERM
data
, W e Olympic medals of gold, silver, and
h bronze examples of?
i DEFINITION
c
h
t
y
p
e
o
f
d
a
t
a
a
r
e
t
h