Answered

IDNLearn.com is your go-to resource for finding expert answers and community support. Find the answers you need quickly and accurately with help from our knowledgeable and experienced experts.

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 :

GinnyAnsweridn

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 are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. IDNLearn.com is committed to providing accurate answers. Thanks for stopping by, and see you next time for more solutions.