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You are the supervisor of the supply chain analytics team . Although the products of your company is hugely popular , ensuring to deliver your products to your customers is challenging . You and your colleagues now employ and compile the data of past orders and find the optimal solution about how to efficiently deliver 100,000 ) products to 70,000 customers . The type of analytics used is known as __ Descriptive analytics Prescriptive analytics Diagnostic analytics Predictive analytics

Question

You are the supervisor of the supply chain analytics
team . Although the products of your company is hugely
popular , ensuring to deliver your products to your
customers is challenging . You and your colleagues now
employ and compile the data of past orders and find
the optimal solution about how to efficiently deliver
100,000 ) products to 70,000 customers . The type of
analytics used is known as __
Descriptive analytics
Prescriptive analytics
Diagnostic analytics
Predictive analytics

You are the supervisor of the supply chain analytics team . Although the products of your company is hugely popular , ensuring to deliver your products to your customers is challenging . You and your colleagues now employ and compile the data of past orders and find the optimal solution about how to efficiently deliver 100,000 ) products to 70,000 customers . The type of analytics used is known as __ Descriptive analytics Prescriptive analytics Diagnostic analytics Predictive analytics

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JudeVeteran · Tutor for 9 years

Answer

<p> B</p>

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<p> This question is asking about the type of analytics used by companies, specifically the kind that employs historical data to find an optimal solution for allocating resources or making delivery decisions. Here are the definitions of the four options:<br /><br />a) Descriptive analytics: This type analyzes past data to understand what happened.<br /><br />b) Prescriptive analytics: It suggests actions to take for optimal outcomes based on specific parameters.<br /><br />c) Diagnostic analytics: It is about finding out why something happened.<br /><br />d) Predictive analytics: It is based on forecasting what will happen in the future.<br /><br />In yes case, the data is being used to find the optimal solution for delivering products to customers, implying the best action to meet predetermined goals given particular circumstances. This implies making decisions about delivering processes. That falls into the category of prescriptive analytics, since the task aims not just simply describing the data or predicting what would happen, but it focuses on examining the optimal decision with the given data.</p>
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