Discussion Post: Business Intelligence, Prescriptive Analytics and Big Data
• How does prescriptive analytics relate to descriptive and predictive analytics?
• Explain the differences between static and dynamic models. How can one evolve into the other?
• What is the difference between an optimistic approach and a pessimistic approach to decision-making under assumed uncertainty?
• Explain why solving problems under uncertainty sometimes involves assuming that the problem is to be solved under conditions of risk?
The response should include a reference list. Using double-space, Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.