BSIT 3-2 | Quiz on Prescriptive Analytics

What is the primary goal of prescriptive analytics?

• To visualize data trends

• To collect raw data

• To suggest the best decision options

• To describe past outcomes

Which of the following is NOT a component of prescriptive analytics?

• Data collection

• Information extraction

• Data visualization

• Data entry

What technology does prescriptive analytics primarily rely on?

• Manual calculations

• Basic statistics

• Historical data analysis

• Artificial Intelligence

How does prescriptive analytics differ from descriptive analytics?

• It is less complex

• It analyzes past data

• It requires human intuition

• It focuses on future predictions

What is a key advantage of using prescriptive analytics in decision-making?

• It uses facts and probability-weighted projections

• It eliminates the need for data

• It relies solely on instinct

• It guarantees perfect outcomes

What type of algorithms does prescriptive analytics use?

• Random and fixed algorithms

• Heuristic and exact algorithms

• Linear and non-linear algorithms

• Simple and complex algorithms

In which scenario would heuristics be preferred over optimization?

• When decisions must be made frequently

• When data is scarce

• When the problem is highly complex

• When the best answer is required

What is an example of prescriptive analytics in the airline industry?

• Adjusting ticket prices based on demand

• Analyzing past flight delays

• Collecting customer feedback

• Visualizing flight paths

Which of the following is a limitation of prescriptive analytics?

• It is always accurate

• It requires no data

• It can analyze every possible scenario

• It is only as effective as its inputs

What does optimization in prescriptive analytics aim to achieve?

• Finding the best answer

• Providing quick solutions

• Simplifying complex problems

• Eliminating the need for data