BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

BUSINESS ANALYTICS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Describing or summarisingthe existing data using existing business intelligencetools to better understand what is going on or what has happened.
A
Descriptive analytics
B
Predictive analytics
C
Diagnostic analytics
D
Prescriptive analytics
Explanation: 

Detailed explanation-1: -Descriptive Analytics: Describing or summarising the existing data using existing business intelligence tools to better understand what is going on or what has happened. Descriptive analytics helps organisations measure performance to ensure goals and targets are being met.

Detailed explanation-2: -Descriptive Analytics The purpose of this analytics type is just to summarise the findings and understand what is going on.

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: -Descriptive analytics is a type of data analytics that looks at past data to give an account of what has happened. Results are typically presented in reports, dashboards, bar charts and other visualizations that are easily understood.

Detailed explanation-5: -Descriptive analytics is the process of parsing historical data to better understand the changes that occur in a business. Using a range of historic data and benchmarking, decision-makers obtain a holistic view of performance and trends on which to base business strategy.

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