Prescriptive analytics relate to descriptive analytics

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Reference no: EM133112234

? How does prescriptive analytics relate to descriptive analytics?

? Excel is probably the most popular spreadsheet software for PCs. Why?

? What can we do with this package that makes it so attractive for modeling efforts?

? Define data mining as an enabling technology for business analytics and understand the objectives and benefits of data mining.

? Become familiar with the wide range of applications of data mining

? Learn the standardized data mining processes

? Learn different methods and algorithms of data mining

? Build awareness of the existing data mining software tools

? Understand the privacy issues, pitfalls, and myths of data mining

? Describe text analytics and understand the need for text mining

? Differentiate among text analytics, text mining, and data mining and the application areas for text mining

? Know the process of carrying out a text mining project

? Describe sentiment analysis

? Develop familiarity with popular applications of sentiment analysis

? Learn the common methods for sentiment analysis

? Become familiar with speech analytics as it relates to sentiment analysis

? Understand the applications of prescriptive analytics techniques

? Understand the basic concepts of analytical decision modeling and understand the concepts of analytical models for selected decision problems

? Describe how spreadsheets can be used for analytical modeling and solutions

? Explain the basic concepts of optimization and when to use them

? Explain what is meant by sensitivity analysis, what-if analysis, and goal seeking

? Understand the concepts and applications of different types of simulation and understand potential applications of discrete event simulation.

Reference no: EM133112234

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