BUSINESS ADMINISTRATION
BUSINESS ANALYTICS
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
Descriptive
|
|
Predictive
|
|
Prescriptive
|
|
Decisive
|
Detailed explanation-1: -Descriptive analytics: gains insight from historical data with reporting, scorecards, clustering etc.
Detailed explanation-2: -Descriptive analytics is the analysis of historical data using two key methods – data aggregation and data mining-which are used to uncover trends and patterns.
Detailed explanation-3: -Explanation: To gain insights from data, Data Analytics use statistical approaches. Organizations can use data analytics to uncover trends and develop insights by analyzing all of their data (real-time, historical, unstructured, structured, and qualitative).
Detailed explanation-4: -Descriptive Analytics is another type of Business Analytics that mainly focuses on historical data with clustering, scorecards, and reporting.
Detailed explanation-5: -Descriptive Analytics It looks at the events of the past and tries to identify specific patterns within the data. When someone refers to traditional business intelligence, they are often describing Descriptive Analytics.