Description
Consider your own work and your organization. When might you use forecasting or simulation to better understand potential future outcomes?
Instructions:
Create a post in which you identify 1-2 examples of predictive analytics that you do in your job or within your organization. How do you find such analyses helpful? (100-200 words)
Explanation & Answer
Attached.
Running Head: PREDICTIVE ANALYTICS
Predictive Analytics
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PREDICTIVE ANALYTICS
The choice of implementing simulation performs excellently when based on a
particular task or a focal point on requirements. Its simplicity ensures generation of extra
accurate outcomes. Therefore, implementation of simulation upholds an individual's or an
organization's decision-making procedures. The aspect of being doubtful is solved during
incidents where you are unsure of decision impacts upon design or a system, simulation
offers an opportunity for the consequential observation on the activities such as effects of Y
on X changes (Tard, 2016). Unfortunately, the simulator does not specify particular tasks for
the machinist. In addition, neither simulator demonstrates how you should predict the future
or the way you should act.
In various complex systems, simulation emerges a powerful tool. Excessive time
duration is essentially acquainted in complex systems for possib...
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