BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The following are types of Analytics, EXCEPT
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Reporting or Descriptive
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Prospective
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Modelling or Predictive
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Clustering
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Explanation:
Detailed explanation-1: -There are four types of analytics, 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: -In data analytics and data science, there are four main types of data analysis: Descriptive, diagnostic, predictive, and prescriptive. In this post, we’ll explain each of the four different types of data analysis and consider why they’re useful.
There is 1 question to complete.