Question: Why is understanding what happened (descriptive analytics) important to understanding why something happened (diagnostic analytics)?

Why is understanding what happened (descriptive analytics) important to understanding why something happened (diagnostic analytics)?

Step by Step Solution

★★★★★

3.41 Rating (160 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

If we dont know what happened learned via descriptive analytics ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Business Analytics Data Questions!

Q:

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

Q:

QUESTION: 1) CAREFULLY READ THE PROJECT BELOW AND FOLLOW THE POWERPOINT GUIDE ON PROJECT QUALITY MANAGEMENT 2) INPUT EVERY INFORMATION IN THE PROJECT BELOW INTO THIS FORMAT PROJECT INTRODUCTION...

Q:

Review the article below and describe the area of statistics that best serve your career or goal, Why? MBA Learning statistics is essential for pursuing a career in data science or analytics. Data...

Q:

3. (LO 4.4) Why is understanding what happened (descriptive analytics) important to understanding why something happened (diagnostic analytics)?

Q:

(LO 5-2) Why is understanding what happened (descriptive analytics) often considered to be a prerequisite to understanding why something happened (diagnostic analytics)?

Q:

Consider the the type of analytics best suited to addressing the accounting problem. Outline how you would conduct your chose method of analytics. How you would conduct, and why this is the best...

Q:

There are four types of data analytics models which are descriptive, diagnostic, predictive, and prescriptive analytics. Richardson et al. diagnostic analytics explains why something happened;...

Q:

Types of Marketing Analytics Approaches Read the overview below and complete the activities that follow. Marketing analytic approaches can be thought of by considering the level analytic complexity...

Q:

Case Study: Mikoyan Gurevich - Business Intelligence Implementation Introduction Mikoyan Gurevich, a fictional mid - sized technology firm, specializes in advanced aerospace engineering and high -...

Q:

Case Study: Mikoyan Gurevich - Business Intelligence Implementation Introduction Mikoyan Gurevich, a fictional mid - sized technology firm, specializes in advanced aerospace engineering and high -...

Q:

Suppose that the mean download time for a commercial tax preparation site is 2.0 seconds. Suppose that the download time is normally distributed, with a standard deviation of 0.5 second. What is the...

Q:

What are the three primary components of the process of a computer forensics investigation?

Q:

What are the values for ( g ) , ( h ) , ( i ) , ( k ) and ( m ) ?

Q:

35. Explain how authentication works.

Q:

A furniture manufacturer produces two types of tables (country and contemporary) using three types of machines. The time required to produce the tables on each machine is given in the following...

Q:

Aire-Co produces home dehumidifiers at two different plants in Atlanta and Phoenix. The per unit cost of production in Atlanta and Phoenix is $400 and $360, respectively. Each plant can produce a...

Q:

The Molokai Nut Company (MNC) makes four different products from macadamia nuts grown in the Hawaiian Islands: chocolate-coated whole nuts (Whole), chocolate-coated nut clusters (Cluster),...

Q:

Linsenmeyer Company produces a common machine component for industrial equipment in three departments: molding, grinding, and finishing. The following data are available for September: Molding...

Q:

Cyber Chemicals uses liquid nitrogen on a regular basis. Average daily demand is normally distributed with a mean of 182 gallons and a standard deviation of 47. Cyber operates Six days a week and...

Q:

a. Wages of $11,000 are earned by workers but not paid as of December 31, 2017 b. Depreciation on the company's equipment for 2017 is $11,560 c. The Office Supplies account had a $310 debit balance...