Spreadsheet Modeling & Decision Analysis: A Practical Introduction To Business Analytics, Loose-leaf Version
Spreadsheet Modeling & Decision Analysis: A Practical Introduction To Business Analytics, Loose-leaf Version
8th Edition
ISBN: 9781337274852
Author: Ragsdale, Cliff
Publisher: South-Western College Pub
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Chapter 1, Problem 18QP

Consider the spreadsheet model shown in Figure 1.2. Is this model descriptive, predictive, or prescriptive in nature, or does it not fall into any of these categories?

Figure 1.2

Example of a simple spreadsheet model

Chapter 1, Problem 18QP, Consider the spreadsheet model shown in Figure 1.2. Is this model descriptive, predictive, or

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Provide an explanation of the operation of predictive analytics and a practical application of the method.
What type of analytics seeks to recognize what is going on as well as the likely forecast and make decisions to achieve the best performance possible?     domain     predictive     prescriptive     descriptive What does the robustness of a data mining method refer to?     its ability to construct a prediction model efficiently given a large amount of data     its speed of computation and computational costs in using the mode     its ability to overcome noisy data to make somewhat accurate predictions     its ability to predict the outcome of a previously unknown data set accurately
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