Basic analysis of data types
Understand the Problem
The question appears to ask for an overview or explanation of the various types of data that can be analyzed, potentially touching on categories such as qualitative vs quantitative data, types of variables, and scales of measurement.
Answer
Descriptive, diagnostic, predictive, and prescriptive are the main types of data analysis.
Data analysis can be grouped into four main types: descriptive, diagnostic, predictive, and prescriptive.
Answer for screen readers
Data analysis can be grouped into four main types: descriptive, diagnostic, predictive, and prescriptive.
More Information
Each type of data analysis serves a different purpose by answering different questions: Descriptive analysis summarizes past data, diagnostic analysis explores reasons behind data, predictive analysis forecasts future trends, and prescriptive analysis suggests possible actions.
Tips
A common mistake is confusing predictive and prescriptive analysis. Predictive analysis forecasts what might happen, while prescriptive analysis recommends actions based on those predictions.
Sources
- The 4 Types of Data Analysis [Ultimate Guide] - CareerFoundry - careerfoundry.com
- Types of Data Analysis | Tutorial by Chartio - chartio.com
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