Descriptive Models
Insights Overview
Approaches
Creating Strategic Insights
Review
Drive Strategic Business Outcomes
Supporting Executive Decisions with Data
Evaluating Customer Behavior Patterns
Metrics 
Below are some common types of metrics used in business:
Descriptive Metrics: These metrics provide insight into past performance and trends
...Model Development: Metrics are used to develop predictive
models that can forecast future trends
...
Insights Overview This process is a crucial part of business analytics, particularly within the realm of
descriptive analytics
...Predictive Insights Utilize statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Approaches Descriptive Analytics Descriptive analytics focuses on summarizing historical data to understand what has happened in the past
...Key Techniques Optimization
Models: Mathematical models that find the best solution from a set of feasible solutions
...
Creating Strategic Insights Qualitative Data
Descriptive data that provides context and understanding of behaviors and motivations
...It often involves: Optimization
models Simulation techniques Decision analysis 4
...
Review Unlike
descriptive analytics, which explains what has happened, and predictive analytics, which forecasts what might happen, prescriptive analytics focuses on providing recommendations for future actions
...Modeling: Developing mathematical
models that simulate different scenarios and outcomes
...
Drive Strategic Business Outcomes Business analytics can be categorized into three main types:
Descriptive Analytics: This type focuses on summarizing historical data to understand what has happened in the past
...Predictive Analytics: This type uses statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Supporting Executive Decisions with Data Descriptive Analytics Descriptive analytics focuses on summarizing historical data to understand what has happened in the past
...Predictive Analytics Predictive analytics uses statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Evaluating Customer Behavior Patterns Descriptive Analytics Descriptive analytics involves summarizing historical data to identify trends and patterns
...This can involve: Optimization techniques Simulation
models Challenges in Evaluating Customer Behavior Patterns While evaluating customer behavior patterns is beneficial, several challenges can arise: Data Privacy: Ensuring customer data is collected and analyzed ethically
...
Evaluating Social Media Analytics Data Descriptive Analytics Descriptive analytics involves summarizing historical data to identify trends and patterns
...This method answers the question, “What should we do?” Techniques include: Optimization algorithms Simulation
models Decision analysis Tools for Social Media Analytics There are numerous tools available for evaluating social media analytics data
...
Automated Decision Making Using Analytics This process leverages large datasets and analytical
models to derive insights that inform decision-making in various business contexts
...Type of Analytics Description Example Use Cases
Descriptive Analytics Analyzes historical data to understand past performance
...
Mc Shape Spaichingen 
Wir freuen uns sehr auf eine weitere Neueröffnung eines MC Shape Studio in Spaichingen.
24h FITNESS & GESUNDHEIT auf über 1.500 qm kommen nach Spaichingen.
MC Shape Spaichingen Eröffnung: 01.10.2019
Balgheimer Straße 40
78549 Spaichingen
Telefon: 0178 6649953
E-Mail: spaichingen@mcshape.com
Website: MC-Shape
Facebook: Facebook
Virtueller Rundgang: YouTube
Jetzt noch die Vorverkaufsangebote für das MC Shape Spaichingen sichern!
Auch im MC Shape Spaichingen werden Mitdenker gesucht:
-Geringfügig Beschäftigte/r (Minijobber)
-Studio-Leiter/-in
-Bachelor of Arts
-Mitarbeiter in allen Bereichen (Teilzeit & Vollzeit)
-Promotion-Mitarbeiter
Bewerbung über das Bewerbungsportal senden oder per E-Mail an: stadtallendorf@mcshape.com
Aktuelles Thema: Neueröffnung, Fitness, Gesundheit, Spaichingen, Studioleiter
Deutsch
Österreich
Italiano
English
Français
Español
Nederlands
Português
Polski
