List and briefly describe three levels or categories of analytics that are most often viewed as sequential and independent, but also occasionally seen as overlapping.

Question

Dallas Stevens

Social Studies

19 January, 06:05

List and briefly describe three levels or categories of analytics that are most often viewed as sequential and independent, but also occasionally seen as overlapping.

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Craig Velez · Answer 1

Answer and Explanation:

Descriptive or reporting analytics: This involves understanding the various happenings and trends in an organization and identifying the causes of these occurrences.

Predictive analytics: This is geared towards making predictive analysis (likr future occurrence) based on statistical calculations and techniques which fall under data mining.

Prescriptive analytics: recognizes the current situation/happening and the likely forecast and makes decisions based on this to achieve the best performance possible.