3. data analysis types

If a new problem arrives in your business process, then you can look into this Analysis to find similar patterns of that problem.

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

shows mean and deviation for continuous data whereas percentage and frequency for categorical data.

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

finding the cause from the insight found in Statistical Analysis.

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

if last year I bought two dresses based on my savings and if this year my salary is increasing double then I can buy four dresses.

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

Based on current situations and problems, we analyze the data and make decisions.

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

analyzing complete data or a sample of summarized numerical data.

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

KPI is an example for:

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

Root Cause Analysis is an example for:

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis