Question: What is descriptive analytics? Predicting future outcomes based on historical data Analyzing current data to understand what has happened Applying statistical models to optimize business

What is descriptive analytics?
Predicting future outcomes based on historical data
Analyzing current data to understand what has happened
Applying statistical models to optimize business processes
Visualizing data through charts and graphs
What is descriptive analytics? Predicting future outcomes based on historical data

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 General Management Questions!

Q:

I want you to summerize these 7 items. !Please be different from other answers! !Please get a little quick! Thanks. You should summarize the 7 items in the photo. Max 125 words! reading 1....

Q:

Descriptive Analytics: Descriptive analytics involves analyzing historical data to understand what has happened in the past. It focuses on summarizing and visualizing data to provide insights into...

Q:

You should summarize the 7 items in the photos. Max.250 words! !Different answer another chegg answer please! 1. Introduction currently missing from the literature (Trioman et al. 2010: De mirkan and...

Q:

. "Balanced Scorecard" - The Balanced Scorecard is a strategic planning and management system used by organizations to align business activities to the vision and strategy of the organization. - It...

Q:

Case study: Customer Segmentation in the Charter Bus Industry by By Gabriela Lelo de Larrea and Amy Gregory The charter bus industry This case study describes how ESCOT Bus Lines, a charter bus...

Q:

1a. What is the objective? b. Summary of article? c. Opinions and conclusions about article? Managing the 21st Century Supply Chain An efficient and effective supply chain will be an integral...

Q:

This question requires knowledge on Data Analytics . Please show clear and detailed explanations. Someone, please help to assist. I had to repost as the previous answers for parts (b) and (c) were...

Q:

Beauville Furniture Corporation produces sofas, recliners, and lounge chairs. Beauville is located in a medium-sized community in the southeastern part of the United States. It is a major employer in...

Q:

As the article describes, the prescriptive analytics has transformed the global healthcare industry tremendously. With increasing demand from consumers for enhanced healthcare quality, healthcare...

Q:

Beauville Furniture Corporation produces sofas, recliners, and lounge chairs. Beauville is located in a medium-sized community in the southeastern part of the United States. It is a major employer in...

Q:

Two expert wine tasters were asked to rank six brands of wine. Their rankings are shown in the following table and saved in the WINETASTE file. Do the data indicate a positive correlation in the...

Q:

Compute the fixed point sets X9 and the stabilizers G for each of the following permutation groups G acting on the set X. (a) X = {1,2,3} and G = S3 = {(1), (12), (13), (23), (123), (132)} (b) X =...

Q:

ACCT 3 0 5 - 3 0 1 1 / Which of the following would not cause the break - even point to change? Sales price increases. Sales watmon incresset. Fleed cost increases. Writhe costs per unal decreases.

Q:

-/1 View Policies Current Attempt in Progress The following amortization and interest schedule reflects the issuance of 10-year bonds by Bridgeport Corporation on January 1, 2014, and the subsequent...