Prediction analysis technique can be used in sale to predict profit for the future if

Options
- sale is an independent variable
- profit could be a dependent variable
- based on the historical sale and profit data
- All of the Above

CORRECT ANSWER : All of the Above

Discussion Board
Prediction

The prediction, as its name implied, is one of a data mining techniques that discovers the relationship between independent variables and relationship between dependent and independent variables. For instance, the prediction analysis technique can be used in the sale to predict profit for the future if we consider the sale is an independent variable, profit could be a dependent variable. Then based on the historical sale and profit data, we can draw a fitted regression curve that is used for profit prediction.

Prajakta Pandit 03-21-2017 03:17 AM

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