What is Predictive Analytics?

What is Predictive Analytics?

Previously, we discussed how to find out what has happened (Descriptive analytics) and then we got to understanding why it has happened (Diagnostic analytics).  It’s time to explore the process of finding out what might happen. Predictive analytics refers to the...
What is Diagnostic Analytics?

What is Diagnostic Analytics?

Once you have a good understanding of what has happened (Descriptive analytics) it’s time to consider why it happened. Diagnostic analytics refers to the methods used to answer questions about why something has happened. More carefully stated, diagnostic analytics...
What is Descriptive Analytics?

What is Descriptive Analytics?

Descriptive analytics is using data to answer what has happened. This makes descriptive analytics an essential aspect of every business; before deciding what is next, we need to know what has happened. Most businesses engage in descriptive analytics even if they are...