What Is Prescriptive Analytics? (Definition, Examples) | Built In
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What Is Prescriptive Analytics? (Definition, Examples) | Built In
Prescriptive analytics is a data- and model-based process of understanding what is occurring, then making well-informed decisions with the insights we glean.
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How is data analytics different from statistics?Analytics tools fall into three 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 one example.Consider the organization you work for (or another organization you're familiar with). Does this organization use data analytics? If so, how is it used? If not, how could the organizati
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