BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following statement is NOT the key elements for a successful transition to the analytics culture?
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Information
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Technology
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Data
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Mindset
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Explanation:
Detailed explanation-1: -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-2: -The four most popular types of business analytics are descriptive, diagnostic, predictive, and prescriptive.
There is 1 question to complete.