Into the Abyss is an outdoor clothing company that is just starting to conduct analyses on new data. Which approach would be the appropriate first step before employing more complex analyses?

Question

Quizplus · Accepted Answer

Descriptive analytics is the appropriate first step for Into the Abyss as they are just starting to conduct analyses on new data. Descriptive analytics helps to summarize and describe the data, providing insights into the current state of the business. This will allow Into the Abyss to gain a better understanding of their data before moving on to more complex analyses. Predictive, prescriptive, diagnostic, and determinant analytics rely on a deeper understanding of the data and are more appropriate once descriptive analytics have been completed.

Into the Abyss Is an Outdoor Clothing Company That Is