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Alexandra Ptochopoulou
on Nov 21, 2024

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Simulation, which is the use of probability and statistical computer models to better understand risk, falls under the category of _____ analytics.

A) prescriptive
B) predictive
C) descriptive
D) diagnostic

Simulation

A method for implementing a model over time to analyze and record the consequences of sequential interactions.

Predictive Analytics

The set of analytical techniques that use models constructed from past data to predict the future or assess the impact of one variable on another.

Probability Models

Mathematical representations that describe real-world processes or phenomena in terms of probability.

  • Acquire knowledge of the different types of analytics and how they are applied specifically in data analysis.
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Marie WilsonNov 21, 2024
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