BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Areas of Analytics
A
Visualization
B
Test Analytics
C
Forecasting
D
Volume
Explanation: 

Detailed explanation-1: -There are four types of analytics, Descriptive, Diagnostic, Predictive, and Prescriptive.

Detailed explanation-2: -Supply chain predictive analytics use historical data and statistical models to forecast future supply chain performance, demand, and potential disruptions. This helps businesses proactively identify and address risks, optimize resources and processes, and improve decision-making.

Detailed explanation-3: -There are three types of analytics that businesses use to drive their decision making; descriptive analytics, which tell us what has already happened; predictive analytics, which show us what could happen, and finally, prescriptive analytics, which inform us what should happen in the future.

Detailed explanation-4: -5 Types of analytics: Prescriptive, Predictive, Diagnostic, Descriptive and Cognitive Analytics-WeirdGeek | Data analytics, Data science, Data analysis tools.

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