Describe a predictive analytics application


Problem: You are a business analyst for a chain of grocery stores. You analyze retail sales data, perform a descriptive analytics application, and discover that bread and milk are the two products that are purchased together more often than any other pair of products.

a) Describe a predictive analytics application using these data.

b) Describe a prescriptive analytics application using these data.

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Microeconomics: Describe a predictive analytics application
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