What are the 4 types of Business Analytics?
Asked by Esha Tiwari
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1 Answer
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The four types of Business Analytics are descriptive, diagnostic, predictive, and prescriptive. Students can check the table below for the types and how these types help:
Types of Business Analytics
How it helps
Descriptive Analytics
Analyze historical data to understand past trends and patterns
Diagnostic Analytics
Helps to find the root causes of outcomes or problems
Predictive Analytics
Predicts future outcomes using statistical models and machine learning
Prescriptive Analytics
Suggests actions based on data, predictions, and optimization models
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