1 Types of business data analytics

I like to look at the types of Analytics along to axes:  Time and what you are looking for.

Past and Present Future
Understanding

  • Classical Statistics and Econometrics
 Descriptive Analytics

  • What happened?
 Predictive Analytics

  • What will happen?
Action

  • Machine Learning
 Diagnostic Analytics

  • What can we fix?
 Prescriptive Analytics

  • What should we do?

 

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Business Analytics Copyright © by Amy Goldlist is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License, except where otherwise noted.

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