For each of the following scenarios, state whether descriptive, predictive, or prescriptive analytics tools would most likely be used, justify your answer.

a. A human resource manager needs to understand whether the company’s current employee mix has the skills and capabilities needed to achieve the goals laid out by a new strategic plan.
b. A financial advisor would like to develop the best mix of stocks, bonds, and other investments for a client to achieve a comfortable level of risk.
c. A large service firm wishes to determine how to invest the cash received from its financial product to achieve the best return.
d. A logistics company wants to better understand the relative profitability of its numerous customers over the past three years.
e. A disaster relief agency needs to allocate its budget for the next year among various relief efforts and programs.
An automobile company would like to determine the number of vehicles it could sell next year based on the proposed price.

Respuesta :

Answer:

A. A human resource manager needs to understand whether the company’s current employee mix has the skills and capabilities needed to achieve the goals laid out by a new strategic plan. -------- Descriptive Analytical Tool

B. A financial advisor would like to develop the best mix of stocks, bonds, and other investments for a client to achieve a comfortable level of risk.................prescriptive analytics tools

C. A large service firm wishes to determine how to invest the cash received from its financial product to achieve the best return.------------------prescriptive analytics tools

D. A logistics company wants to better understand the relative profitability of its numerous customers over the past three years. -------Descriptive Analytical Tool

E. A disaster relief agency needs to allocate its budget for the next year among various relief efforts and programs.----------- Predictive Analytical Tool

F. An automobile company would like to determine the number of vehicles it could sell next year based on the proposed price. -----------Predictive Analytical Tool.