Podcast
Questions and Answers
Which type of data analytics answers the question 'What happened'?
Which type of data analytics answers the question 'What happened'?
What is the purpose of Diagnostic Analytics?
What is the purpose of Diagnostic Analytics?
Which type of data analytics helps in predicting future events?
Which type of data analytics helps in predicting future events?
What is the main focus of Prescriptive Analytics?
What is the main focus of Prescriptive Analytics?
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Which type of data analytics is a simple, surface-level analysis of past events?
Which type of data analytics is a simple, surface-level analysis of past events?
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Study Notes
Data Analytics Types
- Descriptive Analytics answers the question 'What happened' and provides a simple, surface-level analysis of past events.
Diagnostic Analytics Purpose
- The purpose of Diagnostic Analytics is to understand the reasons behind a particular event or phenomenon, i.e., it tries to find the causes of 'What happened'.
Predictive Analytics
- Predictive Analytics helps in predicting future events based on historical data and statistical models.
Prescriptive Analytics Focus
- The main focus of Prescriptive Analytics is to provide recommended actions based on the results of Predictive Analytics, i.e., it suggests what to do in a given situation.
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Description
Test your knowledge on the different types of data analytics: descriptive, diagnostic, predictive, and prescriptive. Learn what each type entails and how they answer different questions about data.
