Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive
Rocket-Powered Data Science
OCTOBER 6, 2023
The point is that the 100% association between the event and the preceding condition has no special predictive or prescriptive power. In statistical terms, the joint probability of event Y and condition X co-occurring, designated P(X,Y), is essentially the probability P(Y) of event Y occurring. Pay attention!
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