Types of Data Analytics

What is the primary purpose of descriptive analytics?

• Predicting future events

• Summarizing historical data

• Identifying root causes

• Optimizing decisions

Which of the following is a common usage of diagnostic analytics?

• Demand forecasting

• Creating dashboards

• Root cause analysis

• Healthcare treatment plans

Predictive analytics is used for:

• Identifying trends in historical data

• Forecasting future events or trends

• Comparing different datasets

• Assessing past performance

What is the primary purpose of prescriptive analytics?

• Summarizing historical data

• Forecasting future events

• Forecasting future events

• • Identifying anomalies

Which of the following best describes the usage of prescriptive analytics?

• Creating dashboards and charts

• Recommending the best course of action

• Tracking and analyzing KPIs

• Exploring datasets to identify trends

Explain the connection between the types of Data Analytics.