Prescriptive analytics: Difference between revisions

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{{short description|Form of business analytics offering future decision options}}
'''Prescriptive analytics''' is a form of [[business analytics]] which suggests decision options for how to take advantage of a future opportunity or mitigate a future risk, and shows the implication of each decision option. It enables an enterprise to consider "the best course of action to take" in the light of information derived from [[Descriptive statistics|descriptive]] and [[predictive analytics]].<ref name=basu>Basu,{{cite Atanu,journal [| url=https://pubsonline.informs.org/do/10.1287/LYTX.2013.02.07/full/ ''| doi=10.1287/LYTX.2013.02.07 | title=Five pillars of prescriptive analytics success''], ''Analytics'', March / April 2013,| accessedyear=2019 3| Decembers2cid=240957300 2022}}</ref>
 
==Overview==