Prescriptive analytics incorporates data from descriptive analytics and uses the functional form of predictive analytics. It is the final phase of business analytics and is often referred to as the final frontier. Optimization is part of prescriptive analytics, which focuses on mathematical models where the goal is to maximize or minimize a specific objective. In this section, we will focus on linear optimization.

locked icon

Sign in to access this content

Get a 30 day FREE TRIAL

  • Watch videos from a variety of sources bringing classroom topics to life
  • Read modern, diverse business cases
  • Explore hundreds of books and reference titles