Microsoft
AB-730 · Question #49
What is the purpose of predictive analytics in business?
The correct answer is B. To predict future events based on historical data. Predictive analytics uses historical data, machine learning algorithms, and statistical techniques to make predictions about future trends. This helps businesses anticipate demand, customer behavior, and other important factors to guide decision-making.
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Question
What is the purpose of predictive analytics in business?
Options
- ATo automate business workflows
- BTo predict future events based on historical data
- CTo control supply chain logistics in real time
- DTo generate random forecasts for uncertainty analysis
How the community answered
(33 responses)- A6% (2)
- B79% (26)
- C12% (4)
- D3% (1)
Explanation
Predictive analytics uses historical data, machine learning algorithms, and statistical techniques to make predictions about future trends. This helps businesses anticipate demand, customer behavior, and other important factors to guide decision-making.
Topics
#predictive analytics#historical data#business forecasting#data-driven decisions
Community Discussion
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