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Prescriptive Analytics: Suggests actions to accomplish wished-for outcomes. It brings together data, algorithms, and business principles to propose the best course of action.
Prescriptive analytics goes past predicting future outcomes by recommending steps to obtain ideal results. It combines data, algorithms, and business policies to counsel the best course of motion. Prescriptive analytics answers the problem, "What ought to we do?"
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Descriptive, Predictive and Prescriptive data analytics are essential kinds of analytics in which Descriptive analytics is utilized to summarize the data, Predictive analytics is used to make future predictions based upon the past data and Prescriptive analytics is accustomed to establish the doable future outcomes and clearly show the best solution.
This chapter will instruct you how to use a suggestion procedure so that you can select the best products for customers.
Prescriptive data analytical product use optimization and simulation algorithms to guidance on attainable outcomes and respond to.
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