10 Questions
What is the primary focus of Descriptive Analytics?
Summarizing raw data
Which stage of Analytical Maturity involves an organization being able to use analytics to support and evaluate decisions?
Analytical Company
What distinguishes Data Science from Business Analytics?
Use of algorithms to surface patterns
Which type of analytics aims to provide users with different possible actions and guides them towards a solution?
Prescriptive Analytics
What is the characteristic of Predictive Analytics?
Estimating the likelihood of a future outcome
What is the main focus of business analytics?
Studying data through statistical analysis and communicating results
Which type of analytics is concerned with 'What happened and why it happened'?
Descriptive analytics
What distinguishes business intelligence from business analytics?
BI uses past data for present performance while BA uses historical data for strategic insights
Which analytics type is concerned with 'What should we do next?'
Prescriptive analytics
How does business analytics benefit organizations?
By helping in driving operational changes and predicting future growth
Learn about the fundamentals of business analytics and business intelligence, including statistical analysis, data communication, and information access for optimizing business performance.
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