Question

List and briefly describe three levels or categories of analytics that are most often viewed as sequential and independent, but also occasionally seen as overlapping.

Answer 1

Answer and Explanation:

Descriptive or reporting analytics: This involves understanding the various happenings and trends in an organization and identifying the causes of these occurrences.

Predictive analytics: This is geared towards making predictive analysis(likr future occurrence) based on statistical calculations and techniques which fall under data mining.

Prescriptive analytics: recognizes the current situation/happening and the likely forecast and makes decisions based on this to achieve the best performance possible.