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This week, explore the concepts of the four main types of data analytics: Descriptive Prescriptive Diagnostic Predictive Pick one type of data analytics you find
This week, explore the concepts of the four main types of data analytics:
Descriptive
Prescriptive
Diagnostic
Predictive
Pick one type of data analytics you find most interesting and answer the following questions:
How is this method applied in a specific business situation? Describe a potential example and the expected use of the results.
What is at least one advantage and one disadvantage to this analytics method?
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