Paraphrase this one. Analyze and elaborate in 85 words. 1. Predictive analytics presupposes the availability of comprehensive data sets to extract meaningful insights. Yet, the reality sometimes entails incomplete data, thereby undermining the reliability of outcomes. In such cases, insights may be skewed, accentuating the company's exposure to heightened risks. 2. Relying on data garnered from surveys underscores a common challenge—data accuracy. Not all respondents provide entirely truthful or precise information. Inaccuracies might stem not from dishonesty, but rather from personal biases and reservations. Consequently, inaccurate data stands to compromise the integrity of predictive insights, potentially leading businesses astray.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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Paraphrase this one. Analyze and elaborate in 85 words.

1. Predictive analytics presupposes the availability of comprehensive data sets to extract meaningful insights. Yet, the reality sometimes entails incomplete data, thereby undermining the reliability of outcomes. In such cases, insights may be skewed, accentuating the company's exposure to heightened risks.

2. Relying on data garnered from surveys underscores a common challenge—data accuracy. Not all respondents provide entirely truthful or precise information. Inaccuracies might stem not from dishonesty, but rather from personal biases and reservations. Consequently, inaccurate data stands to compromise the integrity of predictive insights, potentially leading businesses astray.

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