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bixtya [17]
3 years ago
6

Which of the following analytical techniques is designed to output the best decision?

Business
1 answer:
navik [9.2K]3 years ago
6 0

Answer:

Prescriptive analytics      

Explanation:

Prescriptive Analytics refers to the data analytics field that specializes on determining the best approach in a situation, based on the data accessible. It is linked towards both descriptive analytics as well as predictive analytics yet highlights valuable insights rather than data analysis.  

Prescriptive analytics collects information with its systems from either a range of descriptive or predictive databases and relates it to the choice-making process. It involves mixing existing conditions with alternative actions to evaluate how well the outcome would be influenced by each.

It can also assess the effects of judgment, based on various potential future situations. The discipline draws inspiration from applied mathematics, using a number of statistical techniques to construct and re-create potential judgment trends that could have different effects on an entity.

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Which of following most accurately describes when investigators pursuing U.S. Public Health Service funding are required to disc
maksim [4K]

Answer:

Investigators are required to disclose their significant financial interests no later than the time of applying for PHS funding.

Explanation:

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4 years ago
The federal budget starts on October 1 of a calendar year and ends on September 30 of the following calendar year. TRUE FALSE
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3 years ago
Select the correct definition of the term "comparative advantage." the ability to produce a good or service at a lower opportuni
lana66690 [7]

Answer:

The correct answer is: the ability to produce a good or service at a lower opportunity cost than another.

Explanation:

Comparative advantage implies the ability to produce a good at lower opportunity cost. Opportunity cost is the cost of giving up the alternative.

A nation is considered to be enjoying a comparative advantage in the production of a good if it can produce the good at a relatively lower opportunity cost than other nations.

A nation is said to be specializing in the production of a commodity if it has a comparative advantage in production.

7 0
3 years ago
The AD Curve ________. A) indicates the level of aggregate output corresponding to different goods-market-clearinglevels of the
Mkey [24]

Answer:

D) all of the above

Explanation:

The AD curve shows the aggregate output level that should be for different kinds of goods have the inflation rate

It is downward sloping due to more inflation that raised the inflation rate due to this less spending should be there

Also it described how the inflation impacts the output for the short period of time

Therefore the option d is correct

8 0
3 years ago
Assume that the inflation rate becomes much lower in the United Kingdom relative to the United States. This will place ____ pres
valentinak56 [21]

Answer:

This will place <u>DOWNWARD</u> pressure on the value of the British pound. Also, assume that U.K. interest rates begin to decline relative to U.S. interest rates. The change in interest rates will place <u>UPWARD</u> pressure on the value of the British pound

Explanation:

When high inflation occurs, the value of a currency falls, so it should depreciate against other currencies. High inflation means that a certain amount of money will buy less amount of goods than it used to in the past.

If the interest rates of a country start to rise, more investors will be willing to invest in that country just to earn higher returns (higher interest rates = higher returns). Since investors will increase their purchase of the currency, then that will appreciate the currency against other foreign currencies until the effect of the high interest rates is cancelled out.

5 0
3 years ago
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