Descriptive, Predictive, and Prescriptive analytics classification questions

 Please read about Descriptive, Predictive, and Prescriptive analytics here: https://triksbuddy.blogspot.com/2020/12/what-are-different-types-of-analytics.html

And try to answer the following questions and match with correct answer below questions:

1. A classification of our customers into four quantiles according to their profitability in the last four quarters. 

A. Descriptive
B. Predictive
C. Prescriptive

 

2.  A classification of our customers into four quantiles according to their expected profitability in the following four quarters.

A. Descriptive
B. Predictive
C. Prescriptive

 

3. A model that assigns a credit limit to each customer such that it optimizes our bank’s expected profits in the next four quarters.

A. Descriptive
B. Predictive
C. Prescriptive

 

4. A list of our best 10 customers on the basis of their sales growth in the last quarter.

A. Descriptive
B. Predictive
C. Prescriptive

 

5. A list of the 10 customers that are most likely to leave our company in the next two quarters.

A. Descriptive
B. Predictive
C. Prescriptive

 

6. A model that assigns to each credit card transaction a score that represents its probability of being a fraudulent transaction.

A. Descriptive
B. Predictive
C. Prescriptive

 

7. A model that outputs a preventive maintenance schedule of airplane engines such that it minimizes our airline’s annual maintenance and downtime expenditure.

A. Descriptive
B. Predictive
C. Prescriptive

 

8. A model that schedules the timing of the posting of an individual’s tweets so as to maximize the daily number of associated retweets.

A. Descriptive
B. Predictive
C. Prescriptive

 

9. A list of students that are in high risk of dropping out of our university in the next two semesters.

A. Descriptive
B. Predictive
C. Prescriptive

 

10. A model that suggests an individualized student degree completion path such that it minimizes the likelihood that the student will quit her studies before competing her degree.

A. Descriptive
B. Predictive
C. Prescriptive

 

 

 Answer: 

1. A 

2. B  

3. C  

4.  A

5. B

6. B

7. C

8. C

9. B

10. C