There are four widely used categories of data analysis. Which two analyze historical data and predict future events, providing recommendations on what the business should do?
A) Descriptive and Diagnostic
B) Predictive and Prescriptive
C) Descriptive and Prescriptive
D) Diagnostic and Predictive

Question

Quizplus · Accepted Answer

Predictive analysis uses historical data to predict future events, while prescriptive analysis not only predicts but also suggests various courses of actions and their potential outcomes.

There Are Four Widely Used Categories of Data Analysis