Question15Max. score: 2.00Predictive analytics involves taking historical data.TRUEFALSE

Answer

Predictive analytics is a branch of advanced analytics that uses both new and historical data to forecast future events. It indeed relies on historical data to build models that can predict future outcomes. Therefore, the statement is:

True.

Explanation

Predictive analytics employs statistical algorithms and machine learning techniques to identify patterns in historical data. By analyzing trends and data points from the past, organizations can make informed predictions about future events. This involves various techniques such as regression analysis, time series analysis, and machine learning, all of which fundamentally rely on historical records to establish reliable predictive models.

To summarize, historical data is essential for predictive analytics; hence, the correct answer is TRUE.