Answer:
Predictive analytics
Explanation:
Predictive Analytics mostly manifest as forecasts of demand, often broken down by product and location and sometimes also by customer. These statistics provide early warning so one can gear up production, staffing and raw material procurement to satisfy demand. They also provide predictions of the effect of changes in operating policies, e.g., what happens if we increase our order quantity for Product X from 20 to 25 units? You might rely on Predictive Analytics periodically, perhaps weekly or monthly, when you look up from what’s happening now to see what will happen next. Predictive Analytics uses Descriptive Analytics as a foundation but adds more capability.
