Question
Data Analytics are categorized into 4 main categories: Descriptive, Diagnostic, Predictive and Prescriptive. Think of a business model that involves online ordering and deliveries (like
Data Analytics are categorized into 4 main categories: Descriptive, Diagnostic, Predictive and Prescriptive. Think of a business model that involves online ordering and deliveries (like Amazon, Uber Eats or Skip the Dishes). Identify at least one specific example of each of the following types of data analytics (ex: bar chart comparing X and Y) and explain how it could provide useful information to its users (Senior Management of the Company). Identify which company you are using as your business case and be specific in the examples used to answer the questions below.
\begin{tabular}{|l|l|l|l|} \hline & Category & Specific Example (Name of Analysis Tool or Graph) & What type of information does it provide to users? \\ \hline a) & Descriptive Analytics & & \\ \hline b) & Diagnostic Analytics & & \\ \hline c) & Predictive Analytics & & \\ \hline d) & Prescriptive Analytics & & \\ \hline \end{tabular}Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started