Descriptive Models
Framework
Customer Analytics
Analytical Insights
Insights
Utilizing Data for Business Growth
Leveraging Analytics for Market Research
Essential Concepts in Data Analysis Techniques
Discovery 
This may involve
descriptive analytics, predictive analytics, or prescriptive analytics
...Machine Learning Frameworks TensorFlow, Scikit-learn, Apache Spark MLlib To build predictive
models and perform advanced analytics
...
Framework Below are some common types of frameworks used in business analytics and data mining:
Descriptive Analytics Framework Predictive Analytics Framework Prescriptive Analytics Framework Diagnostic Analytics Framework Machine Learning Framework Key Components of a Framework Most
...Supply Chain Optimization: Applying optimization
models to enhance inventory management and logistics
...
Customer Analytics (K)
Customer Analytics Customer analytics can be categorized into various types, each serving different business needs:
Descriptive Analytics: Focuses on understanding past customer behavior through historical data analysis
...Predictive Analytics: Utilizes statistical
models and machine learning techniques to predict future customer actions
...
Analytical Insights operations: Type of Insight Description
Descriptive Insights These insights summarize historical data, providing a clear picture of past performance and trends
...Predictive Insights Utilizing statistical
models and machine learning, predictive insights forecast future outcomes based on historical data
...
Insights Type of Insight Description Application
Descriptive Insights Provide a summary of historical data to understand what has happened
...Statistical Analysis: Methods to analyze data using statistical
models to infer conclusions
...
Utilizing Data for Business Growth The primary types of data analytics include:
Descriptive Analytics: Focuses on summarizing historical data to understand what has happened in the past
...Predictive Analytics: Uses statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Leveraging Analytics for Market Research of analytics used in market research include: Type of Analytics Description
Descriptive Analytics Focuses on summarizing historical data to understand what has happened in the past
...Predictive Analytics Uses statistical
models and machine learning techniques to forecast future trends and behaviors
...
Essential Concepts in Data Analysis Techniques Techniques used in EDA include:
Descriptive Statistics: Summarizing data through measures such as mean, median, mode, and standard deviation
...Classification
Models: Categorizing data into predefined classes based on input features
...
Enabling Collaboration Through Data Analysis In the context of business, data analysis can take various forms, including:
Descriptive Analysis: Summarizes historical data to understand what has happened in the past
...Predictive Analysis: Uses statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Business Insights Sales forecasting, risk management
Descriptive Analytics The interpretation of historical data to identify trends and patterns
...Prescriptive Analytics Using data to recommend actions based on predictive
models ...
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