Assignemnt
Question Q1 - BI by Example
Explain how you will decide between using DSS, BI or BI Analytics to provide a solution to a major business problem at your company (assuming that your company has the funds already allocated to implement a solution). Define the business problem before providing a solution. If you are not currently working, then use a former company at which you were employed.
Q2 - Predictive, prescriptive, and descriptive analytics
Compare and contrast predictive analytics with prescriptive and descriptive analytics. Please use examples to support your answer.
Q3 - Decision Making
Explain why is it important to focus on the effectiveness of a decision, not necessarily the efficiency of making a decision?