Which type of statistics helps us understand how the data looks like without giving much information on analysis of the data
Answers
The descriptive type of the part explains about the data without giving out many details about the graphics.
It shows the ‘what has happened’ part of the whole information that is stored in the system.
Then this helps in moving towards the predictive part that explains the necessary things that might happen in a system.
The last it moved to the prescriptive part.
Of the three data analytics, descriptive data analytics explains what had happened without adding any extra information.
It analyses the data in real time and most accurate.
Most of the organizations use descriptive analytics.
Predictive analytics analyses the data which is predicted to have happened in future.
The next step of predictive analytics is prescriptive analytics.
This analysis the possible outcomes or results that happens in predictive analytics.