Match the type of analytics to which tool would be in each scenario. A company would like to estimate the sales of a product it sells for the year 2022. a. Prescriptive analytics. A company would like to determine the number of products it should manufacture in order to maximize their profits. b.Predictive analytics c. Descriptive analytics A company would like a summary of the hours worked and salaries paid for its employees during the past year.

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
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Question 3
Match the type of analytics to which tool would be in each scenario.
A company would like to estimate the sales of a product it sells for the year 2022.
a. Prescriptive analytics
A company would like to determine the number of products it should manufacture in order to
maximize their profits.
b. Predictive analytics
c. Descriptive analytics
A company would like a summary of the hours worked and salaries paid for its
employees during the past year.
Transcribed Image Text:Question 3 Match the type of analytics to which tool would be in each scenario. A company would like to estimate the sales of a product it sells for the year 2022. a. Prescriptive analytics A company would like to determine the number of products it should manufacture in order to maximize their profits. b. Predictive analytics c. Descriptive analytics A company would like a summary of the hours worked and salaries paid for its employees during the past year.
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