Business analytics uses _____ to gain insight into data and provide decision makers with information they can act on.

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27-01-2022
Business

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Business analytics uses _____ to gain insight into data and provide decision makers with information they can act on.

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azikennamdi azikennamdi · Answer 1 · 2022-02-08T12:27:25+01:00

Predictive Modelling is used in Business Analytics to get insight into data. Decision-makers in turn rely on the information provided for steering the direction of the organization.

What is Predictive Modelling?

It should be noted that this is a mathematical process that is utilized in the prediction of future events based on historical data which have been analyzed.

Travelling Data for 2021, for example, maybe collected from Airlines in a particular city in the US and analyzed to see how much traveling people are likely to do in 2022 using tools such as time-series regression models.

See the link below to learn more about Predictive Modelling:

https://brainly.com/question/13162779