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C207 TOP Exam Questions and CORRECT Answers
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Analytics is a broad term that refers to a variety of tools that inform managerial decisions. Which term can be used to describe managerial decisions?Predictive - Descriptive analytics: Depict and then describe the characteristics of what is being studied - Predictive analytics: Use data from the past to predict the future - Prescriptiveanalytics: Include experimental design and optimization to suggest a course of action What are two reasons for the increasing use of analytics in organizational decision making?Relatively lower cost of computer storage Higher computer processing power
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