Which of the following refers to skills,technologies and practices for continuous iterative exploration and investigation of past business and performance to gain insight and drive business planning?
A) descriptive analytics
B) predictive analytics
C) business analytics
D) prescriptive analytics

Question

Quizplus · Accepted Answer

Business analytics refers to the skills, technologies and practices for continuous iterative exploration and investigation of past business and performance to gain insight and drive business planning. Descriptive analytics is a type of business analytics that focuses on understanding historical data. Predictive analytics uses statistical techniques to predict future outcomes based on historical data. Prescriptive analytics recommends actions to achieve a desired outcome based on predictive and descriptive analytics.

Which of the Following Refers to Skills,technologies and Practices for Continuous