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How is data analytics different from statistics

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Reference no: EM132834144

How is data analytics different from statistics?

Analytics tools fall into 3 categories: descriptive, predictive, and prescriptive. What are the main differences among these categories?

Explain how businesses use analytics to convert raw operational data into actionable information. Provide at least 1 example.

How familiar are you with the use of quantitative tools in a business environment? Consider the organization you work for (or another organization you're familiar with). Does this organization use data analytics? If so, how is it used? If not, how could the organization use data analytics to improve its performance?

Reference no: EM132834144

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