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Define analytics and what is descriptive analytics

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Reference no: EM133360796

Questions:

  • Define analytics.
  • What is descriptive analytics? What are the various tools that are employed in descriptive analytics?
  • How is descriptive analytics different from traditional reporting?
  • What is a DW? How can data warehousing technology help to enable analytics?
  • What is predictive analytics? How can organizations employ predictive analytics?
  • What is prescriptive analytics? What kinds of problems can be solved by prescriptive analytics?
  • Define modeling from the analytics perspective.
  • Is it a good idea to follow a hierarchy of descriptive and predictive analytics before applying prescriptive analytics?
  • How can analytics aid in objective decision making?

Reference no: EM133360796

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