BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business Users can choose the required reports. (Sales, Financial, Distributions, Inventory, etc.).
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Data
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Analyze
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Generate Reports
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Smarter Decisions
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Explanation:
Detailed explanation-1: -The four most popular types of business analytics are descriptive, diagnostic, predictive, and prescriptive.
Detailed explanation-2: -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-3: -Business analytics focuses on data, statistical analysis and reporting to help investigate and analyze business performance, provide insights, and drive recommendations to improve performance.
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