BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Data Query
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Predictive Analytics
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Descriptive Analytics
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Prescriptive Analytics
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Detailed explanation-1: -Predictive analytics: Consists of techniques that use models constructed from past data to predict the future or ascertain the impact of one variable on another.
Detailed explanation-2: -Predictive analytics is the process of using data analytics to make predictions based on data. This process uses data along with analysis, statistics, and machine learning techniques to create a predictive model for forecasting future events.
Detailed explanation-3: -Predictive modeling is a mathematical process used to predict future events or outcomes by analyzing patterns in a given set of input data.
Detailed explanation-4: -Predictive analytics is the use of data, statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data.
Detailed explanation-5: -Predictive analytics is a branch of advanced analytics that makes predictions about future outcomes using historical data combined with statistical modeling, data mining techniques and machine learning.