{"id":150,"date":"2023-05-05T13:16:53","date_gmt":"2023-05-05T17:16:53","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/?post_type=chapter&#038;p=150"},"modified":"2024-03-05T12:56:49","modified_gmt":"2024-03-05T17:56:49","slug":"types-of-business-data-analytics","status":"publish","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/chapter\/types-of-business-data-analytics\/","title":{"raw":"Types of business data analytics","rendered":"Types of business data analytics"},"content":{"raw":"I like to look at the types of Analytics along to axes:\u00a0 Time and what you are looking for.\r\n<table class=\"grid aligncenter\" style=\"border-collapse: collapse;width: 100%\" border=\"0\">\r\n<tbody>\r\n<tr>\r\n<td style=\"width: 33.3333%\"><\/td>\r\n<th style=\"width: 33.3333%;text-align: center\">Past and Present<\/th>\r\n<th style=\"width: 33.3333%;text-align: center\">Future<\/th>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 33.3333%\"><strong>Understanding<\/strong>\r\n<ul>\r\n \t<li>Classical Statistics and Econometrics<\/li>\r\n<\/ul>\r\n<\/td>\r\n<td style=\"width: 33.3333%\">Descriptive Analytics\r\n<ul>\r\n \t<li>What happened?<\/li>\r\n<\/ul>\r\n<\/td>\r\n<td style=\"width: 33.3333%\">Predictive Analytics\r\n<ul>\r\n \t<li>What will happen?<\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<tr>\r\n<td style=\"width: 33.3333%\"><strong>Action<\/strong>\r\n<ul>\r\n \t<li>Machine Learning<\/li>\r\n<\/ul>\r\n<\/td>\r\n<td style=\"width: 33.3333%\">Diagnostic Analytics\r\n<ul>\r\n \t<li>What can we fix?<\/li>\r\n<\/ul>\r\n<\/td>\r\n<td style=\"width: 33.3333%\">Prescriptive Analytics\r\n<ul>\r\n \t<li>What should we do?<\/li>\r\n<\/ul>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n&nbsp;","rendered":"<p>I like to look at the types of Analytics along to axes:\u00a0 Time and what you are looking for.<\/p>\n<table class=\"grid aligncenter\" style=\"border-collapse: collapse;width: 100%\">\n<tbody>\n<tr>\n<td style=\"width: 33.3333%\"><\/td>\n<th style=\"width: 33.3333%;text-align: center\">Past and Present<\/th>\n<th style=\"width: 33.3333%;text-align: center\">Future<\/th>\n<\/tr>\n<tr>\n<td style=\"width: 33.3333%\"><strong>Understanding<\/strong><\/p>\n<ul>\n<li>Classical Statistics and Econometrics<\/li>\n<\/ul>\n<\/td>\n<td style=\"width: 33.3333%\">Descriptive Analytics<\/p>\n<ul>\n<li>What happened?<\/li>\n<\/ul>\n<\/td>\n<td style=\"width: 33.3333%\">Predictive Analytics<\/p>\n<ul>\n<li>What will happen?<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 33.3333%\"><strong>Action<\/strong><\/p>\n<ul>\n<li>Machine Learning<\/li>\n<\/ul>\n<\/td>\n<td style=\"width: 33.3333%\">Diagnostic Analytics<\/p>\n<ul>\n<li>What can we fix?<\/li>\n<\/ul>\n<\/td>\n<td style=\"width: 33.3333%\">Prescriptive Analytics<\/p>\n<ul>\n<li>What should we do?<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n","protected":false},"author":883,"menu_order":9,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-150","chapter","type-chapter","status-publish","hentry"],"part":3,"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/wp-json\/pressbooks\/v2\/chapters\/150","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/wp-json\/wp\/v2\/users\/883"}],"version-history":[{"count":4,"href":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/wp-json\/pressbooks\/v2\/chapters\/150\/revisions"}],"predecessor-version":[{"id":445,"href":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/wp-json\/pressbooks\/v2\/chapters\/150\/revisions\/445"}],"part":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/wp-json\/pressbooks\/v2\/parts\/3"}],"metadata":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/wp-json\/pressbooks\/v2\/chapters\/150\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/wp-json\/wp\/v2\/media?parent=150"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/wp-json\/pressbooks\/v2\/chapter-type?post=150"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/wp-json\/wp\/v2\/contributor?post=150"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/businessanalytics\/wp-json\/wp\/v2\/license?post=150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}