The management at Gellar Corp. is compiling data for their analytics team. Gellar is a factory that produces candy gummy bears, and they are very interested in what changes in the next few years will reduce costs. Which of the following type of data analytics will be the most useful for this purpose, and why?

Question $12$ options:

$1)$

Descriptive analytics because management wants to look at historical data in precise detail

$2)$

Diagnostic analytics because management wants to look at historical data in precise detail

$3)$

Predictive analytics because management wants to use historical data to make changes in the future

$4)$

Prescriptive analytics because management wants to use historical data to see how changes would impact future performance