Assignment: Business Intelligence
o How does prescriptive analytics relate to descriptive and predictive analytics?
o Explain the differences between static and dynamic models. How can one evolve into the other?
o What is the difference between an optimistic approach and a pessimistic approach to decision making under assumed uncertainty?
o Explain why solving problems under uncertainty sometimes involves assuming that the problem is to be solved under conditions of risk.
o What is the difference between decision analysis with a single goal and decision analysis with multiple goals (i.e., criteria)? Explain the difficulties that may arise when analyzing multiple goals.
Format your assignment according to the following formatting requirements:
o The answer should be typed, using Times New Roman font (size 12), double spaced, with one-inch margins on all sides.
o The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
o Also include a reference page. The Citations and references must follow APA format. The reference page is not included in the required page length.