The Best Guide To Predictive vs. Prescriptive Analytics
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The Best Guide To Predictive vs. Prescriptive Analytics
In this explainer, we explore the difference between two established types of data analytics: predictive vs. prescriptive analytics.
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How is data analytics different from statistics?Analytics tools fall into three categories: descriptive, predictive, and prescriptive. What are the main differences among these categories?Explain how businesses use analytics to convert raw operational data into actionable information. Provide at least one example.Consider the organization you work for (or another organization you're familiar with). Does this organization use data analytics? If so, how is it used? If not, how could the organizati
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