Descriptive and Predictive Analytics.docx - Running Head...

This preview shows page 1 - 3 out of 5 pages.

Running Head: WEEK 1 ASSIGNMENT 1 DESCRIPTIVE AND PREDICTIVE ANALYTICS Name of Student Institution Affiliated
WEEK 1 ASSIGNMENT 2 DESCRIPTIVE AND PREDICTIVE ANALYTICS With a large amount of data available in an organizational setting regarding the process, the product and project, most companies have turned to analytics as solutions to convert the information into a meaningful resource that can help in decision making. When done in the right way, organization grow to become data-driven firms that can optimize the productivity, improve customer delivery, product mix, and increased revenue. However, analytics entails various options categorized into distinct levels. This paper aims at relating Descriptive and Predictive analytics and their importance in my field of practice. Descriptive Analytics Descriptive Analytics refers to statistical analysis which gives a description (describe) of data to make it information which can be interpreted by humans. This sort of analysis summarizes raw data by describing a past behavior and then giving an understanding of how the past behavior is it a minute, a second or a year ago can influence the future outcome. A large

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture