Business Analytics - Types of Analytics

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)

    “The American man is a very simple and cheap mechanism. The American woman I find a complicated and expensive one. Contrasts of feminine types are possible. I am not absolutely sure that there is more than one American man.”
    —Henry Brooks Adams (1838–1918)