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PMRTTCIPATTON ACTTVTY 1 . 1 . 3 : Descriptive, predictive, and prescriptive analytics. Match each type of data analytics with the correct goal. If unable
PMRTTCIPATTON
ACTTVTY
: Descriptive, predictive, and prescriptive analytics.
Match each type of data analytics with the correct goal.
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Given existing data, strives to summarize the data, perhaps to gain insight.
Given data and a model, strives to determine future values.
Strives to make decisions or recommendations based on data.
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Types of data
Variables
Data is typically represented using variables. A variable is an item that can have different varying values. Ex: A persons age is a varace and can have the value or other values Variables are often considered as being of two possible types:
A quantitative variable can take on a numeric value quantitative data that can be measured and ordered. Ex A persons age the outside temperature and a meals price are quantitative variables. Example numeric values are an age of or years a temperature of or degrees and a price of or dotiars
A categorical variable can take on the va ue usually a labe of one of severa categores. Ex A persons gender seascons anc ds compan es are categorica variables Gendercan be male or temale seasons can be tal, winter spring or summer and Us t:rethan quartites
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