ISYE 6501 MIDTERM 1 EXAM QUESTIONS WITH 100% SOLUTIONS LATEST UPDATE

ISYE 6501 MIDTERM 1 EXAM QUESTIONS WITH 100% SOLUTIONS LATEST UPDATE

Question 1: What do descriptive questions ask?
CORRECT ANSWER: What happened? (e.g., which
customers are most alike)
Question 2: What do predictive questions ask?
CORRECT ANSWER: What will happen? (e.g., what
will Google's stock price be?)
Question 3: What do prescriptive questions ask?
CORRECT ANSWER: What action(s) would be best?
(e.g., where to put traffic lights)
Question 4: What is a model?
CORRECT ANSWER: Real-life situation expressed as
math.

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