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What are the four categories of Analytics?

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Jawaban

The four categories of Analytics are Descriptive, Diagnostic, Predictive, and Prescriptive.

Penjelasan

Step1:
Identify the first category

The first category of analytics is Descriptive analytics. It is concerned with answering the question:

"What happened?". It involves the examination of historical data to understand what has happened in the past.
Step2:
Identify the second category

The second category of analytics is Diagnostic analytics. It answers the question:

"Why did it happen?". It is concerned with finding the cause of a certain outcome or event by analyzing the data.
Step3:
Identify the third category

The third category of analytics is Predictive analytics. It answers the question:

"What is likely to happen in the future?". It uses historical data to predict future outcomes or trends.
Step4:
Identify the fourth category

The fourth category of analytics is Prescriptive analytics. It answers the question:

"What actions should be taken to achieve a desired outcome?". It provides recommendations or solutions to achieve a certain goal or solve a problem.
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