How would you describe descriptive, predictive, and prescriptive data analytics? What options do we have for...

How would you describe descriptive, predictive, and prescriptive data analytics? What options do we have for data analytic tools? Which option is the best for big data analysis in your opinion and why?

Your initial posting should be 250-500 words

Expert Solution

milcah answered 2 years ago

How is data analytics different from statistics? Analytics tools fall into 3 categories:descriptive, predictive, and prescriptive....

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

COURSE: IT Decision Support Systems Differentiate between Descriptive and Prescriptive Analytics. What types of tools/data are...

COURSE: IT Decision Support Systems Differentiate between Descriptive and Prescriptive Analytics. What types of tools/data are used in each of these analytics?

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Do some research into workforce analytics and predictive analytics. What can we expect for the future? Be creative, think possibilities.

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There are 4 categories of data analytics discussed in Chapter 7 reading: descriptive, diagnotisc, predictive, and prescriptive. Select one and explain. Give examples.

-Specify whether each of the following activities is a predictive or descriptive analytics task. What type...

-Specify whether each of the following activities is a predictive or descriptive analytics task. What type of task (e.g., classification, regression, clustering, association rule mining, etc.) is it? a. Reporting total revenue of a product over a year in different branches to the CEO. b. Predicting the credit score of a customer using historical data. c. Predicting the outcome of flipping a coin. d. Partitioning students into similar groups based on their courses, programs, and demographic profile.

How do each the following three companies use big data and predictive analytics in their own...

How do each the following three companies use big data and predictive analytics in their own way. recent data 2019-2020 Nike Adidas and Under Armour

Describe 3 examples of data analytics and how theE.H.R. is the foundation of data analytics? Describe...

Describe 3 examples of data analytics and how theE.H.R. is the foundation of data analytics? Describe one limitation associated with each one of the analytic examples. Support with references.

Part A: You have been hired by a company to build a predictive analytics model to...

Part A: You have been hired by a company to build a predictive analytics model to increase their sales. Before building the model, your manager asked you to start with exploratory data analysis and report the findings. Which visualization tools would you use to display important properties of data such as outliers, range of data, mean, IQR, and distribution of data, etc.? Be specific about the tools and methods that display the skewness, similarity of distributions, and whether data comes...

In at least 250 words explain how DSS, “big data”, OLAP, data mining, and predictive analytics...

In at least 250 words explain how DSS, “big data”, OLAP, data mining, and predictive analytics are used in business. When answering, be sure to cite your research sources.

Define descriptive statistics. What is the value of predictive data analysis to market researchers? Provide an...

Define descriptive statistics. What is the value of predictive data analysis to market researchers? Provide an example of a predictive data analysis technique and how it is used to predict future events.

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