Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Menu View Discussion Wk 1 Discussion: Statistics and Analytics in Business Research [ due Thurs ] Wk 1 Discussion: Statistics and Analytics in Business Research
Menu View Discussion Wk Discussion: Statistics and Analytics in Business Research due Thurs Wk Discussion: Statistics and Analytics in Business Research due Thurs Discussion Topic Analytics is used in all business roles. In management, it is important to understand what type of analytics to employ depending on your position and the data available. To analyze business trends, an HR manager will look at market trends and hiring data like salaries in their local market to be competitive and attract talent. Respond to the following: How is data analytics different from statistics? Analytics tools fall into categories: descriptive, predictive, and prescriptive. What are the main differences among these categories? Explain how businesses use analytics to convert raw operational data into actionable information. Provide at least example. Consider your role in the organization you work for or another organization youre familiar with How is data analytics important to your job and
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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