Data Analytics, Forecasting and Modeling
DescriptiveFocused on visualizing and creating pictures of events that have already occurred or are occurring in real-time.
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DiagnosticFocused on past performance to determine what happened and why. The result of the analysis is often an analytic dashboard.
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PredictiveAn analysis of likely scenarios of what might happen. The deliverable is generally a predictive forecast. (Regression models are examples).
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PrescriptiveReveals what actions should be taken. This is the most valuable kind of analysis and usually results in rules and recommendations for next steps. (Design of Experiments are examples).
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