Please answer below 4 discussion  Questions below (Page No: 505 and 506). and exercise question. I attached the textbook for your reference.

Discussion Question–505

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.

exercise question –506

1. Explore teradatauniversitynetwork.com, and determine

how models are used in the BI cases and papers.