Various Analytical Techniques

Various Analytical Techniques

  • Descriptive analytics: It answers the question “What is happening in my business?”.
  • Diagnostic analytics: It deals with answering the question “Why is it happening?”.
  • Predictive analytics: It enables you to answer the question “What is likely to happen in the future based on previous trends and patterns?”.
  • Prescriptive analytics: It enables autonomous decision-making based on real-time or near real-time analysis of data, using predictive analytics.


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