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Data analytics involves a four-stage process that builds on itself and uses machine learning (ML) and AI in the final phases to predict outcomes and suggest options to respond to those predictions.
In this article, we shall focus on the 4 types of data analytics we encounter in data science: DescriptiveDiagnosticPredictivePrescriptive Descriptive Analytics:This is the most common of all forms.
In describing the past, descriptive analytics lays the groundwork for how these events may affect future outcomes.
Then queries, reports, and data visualizations can further yield deeper insight.
Diagnostic data analytics help answer why something occurred.
Prescriptive Analytics:The final phase, prescriptive analytics, attempts to find the best course of action, solution or outcome among various choices, building off descriptive analytics’ insight into what happened and predictive analytics’ forecast of what might happen.
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