Part 2 Flashcards

(15 cards)

1
Q

interprets historical data to identify trends and patterns.

A

Descriptive

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2
Q

it helps determine the root cause of trends and correlations between variables.

A

Diagnostic

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3
Q

forecast future outcomes

A

Predictive

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4
Q

determine which outcome will yield the best result in a given scenario.

A

Prescriptive

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5
Q

Summarizes what has HAPPENED in the past and enables decision-makers to learn from past behaviors

A

Descriptive Analytics

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6
Q

Examines data to understand the root causes of events, behaviors, and outcomes.

A

Diagnostic Analysis

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7
Q

Examine recent and historical data to detect patterns and predict future outcomes and trends

A

Predictive Analysis

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8
Q

Uses highly advanced tools and techniques to assess the CONSEQUENCES OF POSSIBLE DECISION

A

Prescriptive Analysis

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9
Q

A data analysis technique that helps organizations understand the reasons behind events, behaviors, and outcomes

A

Diagnostic Analysis

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10
Q

Interprets historical data to IDENTIFY TRENDS AND PATTERNS

A

Descriptive Analytics

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11
Q

Provide estimates about the likelihood of a future outcomes

A

Predictive Analysis

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12
Q

 Considering all relevant data to chart an optimal path forward determine the BEST COURSE OF ACTION in a scenario

A

Prescriptive Analysis

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13
Q

Using current and historical data to describe trends and relationships

A

Descriptive Analytics

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14
Q

Let’s you understand market trends and why product demand fluctuates between different consumer groups

A

Diagnostic Analysis

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15
Q

Forecast what might happen in the future based on probabilities

A

Predictive Analysis

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