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A Predictive Prescription Using Minimum Volume k-Nearest Neighbor Enclosing Ellipsoid and Robust Optimization
2021
Mathematics
This paper studies the integration of predictive and prescriptive analytics framework for deriving decision from data. Traditionally, in predictive analytics, the purpose is to derive prediction of unknown parameters from data using statistics and machine learning, and in prescriptive analytics, the purpose is to derive a decision from known parameters using optimization technology. These have been studied independently, but the effect of the prediction error in predictive analytics on the
doi:10.3390/math9020119
fatcat:uuraqhudc5gjtpbtanqhbf2pau