Question

A prescriptive data analytic type such as an analysis of strategic cost management would answer which of the following questions?
a. What do I need to do?
b. What is happening?
c What is likely to happen?
d. Why is it happening?

Answer 1

Answer:

a. What do I need to do?

Explanation:

A prescriptive data analytic type such as an analysis of strategic cost management would answer which of the following questions?

a. What do I need to do?

hope it is helpful to you

wish you a good luck

Answer 2

Answer:

a. What do I need to do?

Explanation:

Prescriptive analytics can be defined as a type of data analysis model which typically comprises of descriptive data and forecasting techniques used for identifying the decisions that are most likely to yield an optimum or best performance.

This ultimately implies that, prescriptive analytics is a data analysis model that uses optimization techniques to identify and suggest decisions with the most effective and efficient results.

For example, prescribing an automobile car that is capable of finding the best route for a road trip.

In this context, a prescriptive data analytic type such as an analysis of strategic cost management would answer a question on "What do I need to do?"

If you intend investing an amount of money on a new business that you possibly do not have so much information on how its operations and market value, you could use a prescriptive data analysis to gain an insight into what you're required to do or actions you're expected to carry out in order to succeed.