What may possibly occur if indexing decisions are made incorrectly?
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What may possibly occur if indexing decisions are made incorrectly?
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- Provide an explanation for the operation of predictive analytics and a scenario in which it might be useful.How does predictive analytics benefit CRM? Give examples of predictive analytics models used in CRM for sales forecasting or customer churn prediction.In at least 150 words, examine internal secondary data. What types of data are considered internal? What is the importance of each and why might it be used? Provide an example of each type of internal secondary data.
- What is the role of OLAP (Online Analytical Processing) in data warehousing? How does it enable multidimensional analysis of data, and what are its advantages in decision support systems?Is there a difference between forecasting demand and forecasting sales? Can demand be forecast from historical sales data?Investigate the use of data modeling in data warehousing and business intelligence. How does it support decision-making processes?
- How does the accuracy of prediction markets compare to public opinion polls? Prediction markets' accuracy varies widely, They both are equally accurate. Prediction markets provide less accurate forecasts Prediction markets provide more accurate forecasts.Contrast the planning approach when dealing with data certainty verses uncertaintyProvide an explanation of the operation of predictive analytics and a practical application of the method.