[SOLUTION] Business Intelligence

MAKE SURE NO PLAGARISM. Please follow the format attached.1. How does prescriptive analyticsrelate to descriptive and predictive analytics?2. Explain the differences between static anddynamic models. How can one evolve into the other?3. What is the difference between an optimisticapproach and a pessimistic approach to decision making under assumed uncertainty?4.Explain why solving problems under uncertainty sometimes involves assuming that the problem is tobe solved under conditions of risk.5. What is the difference between decision analysis with a singlegoal and decision analysis with multiple goals (i.e., criteria)? Explain the difficulties that may arisewhen analyzing multiple goals.

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