Types of Data Analysis

You will be seeing a set of examples, your task is to categorize each example into the appropriate type of Analysis.

• I understand

• I am unclear

Using Analytics to analyze market demand and determine the factors influencing product demand

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

Financial Statement Analysis to utilize Analytics for understanding the company's financial performance

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

Netflix recommendation which uses Analytics to suggest appropriate movies based on user viewership

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

KPI Dashboard to track all department related aspects using Analytics

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

Finance: Forecasting Future Cash Flow using Analytics

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

Applying Analytics to Understand Customer Behavior in Market Trends

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

Use Analytics to analyze customers' actions, such as browsing and buying habits, to give the most spot-on product recommendations

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis

Manufacturing: Preventing Malfunction to understand the likelihood of malfunction at different time periods using Analytics

• Descriptive Analysis

• Diagnostic Analysis

• Predictive Analysis

• Prescriptive Analysis