1. How does prescriptive analytics relate to descriptive and predict.docx

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The document discusses various types of analytics and modeling approaches used to solve problems under uncertainty. It asks about the differences between prescriptive, descriptive and predictive analytics, static and dynamic models, optimistic and pessimistic decision making, and how models are used under conditions of risk versus uncertainty. It also assigns an exercise to research how modeling is used in national security by various government agencies.

Education

1. How does prescriptive analytics relate to descriptive and
predictive analytics?
2. Explain the differences between static and dynamic models.
How can one evolve into the other?
3. What is the difference between an optimistic approach and a
pessimistic approach to decision making under assumed
uncertainty?
4. Explain why solving problems under uncertainty sometimes
involves assuming that the problem is to be solved under
conditions of risk.
5. Exercise: Investigate via a Web search how models and their
solutions are used by the U.S. Department of Homeland
Security in the “war against terrorism.” Also investigate how
other governments or government agencies are using models in
their missions.

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