A company that is using statistical analysis tools to report on why something happened has achieved a higher level of analytical maturity than a company that's using tools to predict what will happen next.

Question

Quizplus · Accepted Answer

Predictive analytics (predicting what will happen next) is considered a higher level of analytical maturity than diagnostic analytics (reporting on why something happened), as it involves forecasting future trends based on historical data, which is more complex and provides greater strategic value.

A Company That Is Using Statistical Analysis Tools to Report