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Questions and Answers
Which type of data analytics answers the question 'What happened'?
Which type of data analytics answers the question 'What happened'?
- Prescriptive Analytics
- Predictive Analytics
- Descriptive Analytics (correct)
- Diagnostic Analytics
What is the purpose of Diagnostic Analytics?
What is the purpose of Diagnostic Analytics?
- To answer the question 'Why did this happen' (correct)
- To understand and realize something about an event after it has happened
- To determine what might happen in the future
- To answer the question 'What should we do next'
Which type of data analytics helps in predicting future events?
Which type of data analytics helps in predicting future events?
- Diagnostic Analytics
- Prescriptive Analytics
- Predictive Analytics (correct)
- Descriptive Analytics
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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