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:
“... there are two types of happiness and I have chosen that of the murderers. For I am happy. There was a time when I thought I had reached the limit of distress. Beyond that limit, there is a sterile and magnificent happiness.”
—Albert Camus (19131960)
“If there is nothing new on the earth, still the traveler always has a resource in the skies. They are constantly turning a new page to view. The wind sets the types on this blue ground, and the inquiring may always read a new truth there.”
—Henry David Thoreau (18171862)
Related Phrases
Related Words