Welcome to ExamTopics
ExamTopics Logo
- Expert Verified, Online, Free.

Unlimited Access

Get Unlimited Contributor Access to the all ExamTopics Exams!
Take advantage of PDF Files for 1000+ Exams along with community discussions and pass IT Certification Exams Easily.

Exam IIBA-CBDA topic 1 question 34 discussion

Actual exam question from IIBA's IIBA-CBDA
Question #: 34
Topic #: 1
[All IIBA-CBDA Questions]

An online retailer of men’s athletic apparel is seeking to become the market leader in the industry. To deliver on this strategy, the analytics team continuously collects data on the prices of competitor products and uses this information to adjust the retailer's prices.
What type of analytics is the retailer using to maintain their pricing structure?

  • A. Prescriptive
  • B. Diagnostic
  • C. Descriptive
  • D. Predictive
Show Suggested Answer Hide Answer
Suggested Answer: A 🗳️

Comments

Chosen Answer:
This is a voting comment (?) , you can switch to a simple comment.
Switch to a voting comment New
Rabbitsfoot
1 month, 2 weeks ago
Selected Answer: A
See pg 8 - 1.3 Bss data Analytics Objectives Prescriptive Analytics involves using data to make recommendations or decisions about what actions should be taken to achieve a specific goal. In this case, the online retailer is adjusting prices based on competitor data to gain a competitive advantage, which is a direct application of prescriptive analytics. It involves not only analyzing current data but also recommending actionable changes to influence the desired outcome.
upvoted 1 times
...
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel
Loading ...