An Overview of business - Analytics Overview
8 important questions on An Overview of business - Analytics Overview
What is descriptive analytics? (or reporting analytics)
What are the various tools are employed in descriptive analytics?
Tools e.g. : Tableau, Dundas BI.
How is descriptive analytics different from traditional reporting?
What is a DW?
How can data warehousing technology help enable analytics?
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What is predictive analytics?
How can organizations employ predictive analytics?
What is prescriptive analytics?
What kind of problems can be solved by prescriptive analytics?
Recommendations in the form of
- specific yes/no decision for a problem.
- a specific amount (e.g. price)
- a complete set of production plans
Define modeling from the analytics perspective
Is it a good idea to follow a hierarchy of descriptive and predictive analytics before applying prescriptive analytics?
How can analytics aid in objective decision making?
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