Business Analytics Methods and Models Discussion

/in /by

There are various methods and models within business analytics. These are categorized into descriptive, predictive, and prescriptive analytics.

  • The process of reducing data and summarizing historical data to make decisions from past behaviors is known as descriptive analytics.
  • With predictive analytics, both historical and recent data are examined to discover patterns and predict what might happen in the future.
  • Prescriptive analytics goes one step further by showing the outcome of what a particular plan of action might look like and the effect of future decisions that might be made based on the model and plan of action.

Instructions

Build a visualization (table, chart, infographic, etc.) showing the differences between descriptive, predictive, and prescriptive analytics. Keep in mind there are several tools used in each method and some may overlap.

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.