Question: What is the main difference between descriptive and predictive analytics?Descriptive analytics involves qualitative analysis, while predictive analvtics involves quantitative analvsis. Descriptive analytics focuses on past

What is the main difference between descriptive and predictive analytics?Descriptive analytics involves qualitative analysis, while predictive analvtics involves quantitative analvsis. Descriptive analytics focuses on past and current data, while predictive analyticsforecasts future outcomes.Descriptive analytics uses structured data, while predictive analytics uses unstructured data.Descriptive analvtics is used for strategic decision-making, while predictive analytics is used for operational decision-making.

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!