Answered

Westonci.ca offers fast, accurate answers to your questions. Join our community and get the insights you need now. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

Which of the following statements is not correct?

A. Summarizing performance measures from large data sets is an example of predictive analytics.
B. Formulating a plan of action based on large data sets and algorithmic outputs is an example of prescriptive analytics.
C. Calculating click-through rate for your online customers viewing your webpage is an example of descriptive analytics.
D. Setting the optimal pricing scheme to maximize revenue for a hotel is an example of prescriptive analytics.

Sagot :

GinnyAnswer

Final answer:

Descriptive analytics summarizes historical data, while prescriptive analytics involves recommending actions based on data insights.


Explanation:

Descriptive analytics involves summarizing historical data to understand past performance without predicting future outcomes. Calculating the click-through rate for online customers is an example of descriptive analytics, not predictive analytics.

Prescriptive analytics focuses on recommending actions based on data insights. Setting the optimal pricing scheme for a hotel to maximize revenue falls under prescriptive analytics, as it involves formulating a plan of action based on data and algorithmic outputs.


Learn more about Business analytics here:

https://brainly.com/question/42127094


We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Westonci.ca is your go-to source for reliable answers. Return soon for more expert insights.