What are the 5 types of data analytics?

Question

At different stages of business analytics, a huge amount of data is processed and depending on the requirement of the type of analysis, there are 5 types of analytics – Descriptive, Diagnostic, Predictive, Prescriptive and cognitive analytics.

What are the main types of data analytics?

Four main types of data analyticsPredictive data analytics. Predictive analytics may be the most commonly used category of data analytics. ... Prescriptive data analytics. ... Diagnostic data analytics. ... Descriptive data analytics.

What are the 5 steps in data analytics?

article Data Analysis in 5 StepsSTEP 1: DEFINE QUESTIONS & GOALS.STEP 2: COLLECT DATA.STEP 3: DATA WRANGLING.STEP 4: DETERMINE ANALYSIS.STEP 5: INTERPRET RESULTS.

What are the 3 types of data analytics?

There are three types of analytics that businesses use to drive their decision making; descriptive analytics, which tell us what has already happened; predictive analytics, which show us what could happen, and finally, prescriptive analytics, which inform us what should happen in the future.

What are the 4 categories of analytics?

Modern analytics tend to fall in four distinct categories: descriptive, diagnostic, predictive, and prescriptive.

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