Types of Analytics
- Descriptive Analytics: Gain insight from historical data with reporting, scorecards, clustering etc.
- Predictive analytics (predictive modeling using statistical and machine learning techniques)
- Prescriptive analytics: recommend decisions using optimization, simulation etc.
Read more about this topic: Business Analytics
Famous quotes containing the words types of and/or types:
“Science is intimately integrated with the whole social structure and cultural tradition. They mutually support one other—only in certain types of society can science flourish, and conversely without a continuous and healthy development and application of science such a society cannot function properly.”
—Talcott Parsons (1902–1979)
“Science is intimately integrated with the whole social structure and cultural tradition. They mutually support one other—only in certain types of society can science flourish, and conversely without a continuous and healthy development and application of science such a society cannot function properly.”
—Talcott Parsons (1902–1979)