The ability to model prices on a variety of factors allows them to make ______ about production, storage, and new discoveries.

Question

The ability to model prices on a variety of factors allows them to make ______ about production, storage, and new discoveries.

A. No decisions

B. Better decisions

C. Unpredictable things

D. None of the mentioned above

They can make better decisions about production, storage, and new discoveries since they have the ability to model prices based on a range of parameters, including supply and demand. Furthermore, both prescriptive and predictive analytics are useful for managing equipment and maintenance in the manufacturing industry, as well as for making better judgments about drilling and exploration areas and other aspects of business operations.

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Data interpretation refers -

A. Process of attaching meaning to the data

B. Convert text into insightful information

C. Effective conclusion

D. All of the mentioned above

The ability to model prices on a variety of factors allows them to make ______ about production, storage, and new discoveries.

Correct Answer :

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