Descriptive Models
Data Analysis for Financial Performance Improvement
Trends and Patterns in Sales
Creating Actionable Insights
Employee Performance
Revenue Metrics
Leverage Analytics for Growth
Creating Actionable Insights from Data
Analytics Framework 
Type of Analytics Description Use Cases
Descriptive Analytics Analyzes historical data to understand past performance
...Predictive Analytics Uses statistical
models and machine learning techniques to forecast future outcomes
...
Data Analysis for Financial Performance Improvement data analysis for financial performance improvement: Methodology Description
Descriptive Analysis Summarizes historical data to identify trends and patterns
...Predictive Analysis Uses statistical
models to forecast future financial performance based on historical data
...
Trends and Patterns in Sales Analyzing Sales Patterns Sales patterns can be analyzed through various methods, including:
Descriptive analytics: Summarizes historical data to identify trends and patterns
...Predictive analytics: Uses statistical
models and machine learning to forecast future sales based on historical patterns
...
Creating Actionable Insights analytical techniques can be employed, including: Analytical Technique Description
Descriptive Analytics Summarizes historical data to understand what has happened
...Predictive Analytics Uses statistical
models and machine learning to forecast future outcomes
...
Employee Performance Key areas where business analytics can be applied include:
Descriptive Analytics Descriptive analytics involves analyzing historical data to understand past performance
...Predictive Analytics Predictive analytics uses statistical
models and machine learning techniques to forecast future performance based on historical data
...
Revenue Metrics Complex Revenue
Models: Companies with complex revenue models may find it difficult to calculate metrics consistently
...
Leverage Analytics for Growth Understanding Prescriptive Analytics Prescriptive analytics goes beyond
descriptive and predictive analytics by not only predicting future outcomes but also providing recommendations on how to achieve desired results
...Modeling: Developing mathematical
models to simulate different scenarios and outcomes
...
Creating Actionable Insights from Data can be performed using various techniques, including: Technique Description
Descriptive Analytics Analyzes historical data to identify trends and patterns
...Predictive Analytics Uses statistical
models and machine learning techniques to forecast future outcomes
...
Guiding Organizational Strategy with Insights It goes beyond
descriptive analytics, which merely describes what has happened, and predictive analytics, which forecasts what is likely to happen
...Modeling: Using mathematical
models and algorithms to simulate different scenarios and outcomes
...
Drive Performance Improvement with Analytics It encompasses various types, including:
Descriptive Analytics: Focuses on summarizing historical data to understand what has happened
...Key components of prescriptive analytics include: Optimization
Models: These models help organizations find the best solution from a set of feasible options by maximizing or minimizing specific objectives
...
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