Descriptive Models
Aligning Business Strategies with Analytics
Business Analytics Overview
Foster Sustainable Practices with Data Insights
Key Takeaways
Discoveries
Evaluating Financial Performance with Data
Data Analytics
Data 
Types of Data Analytics
Descriptive Analytics: Analyzes 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
...
Aligning Business Strategies with Analytics 
It can be categorized into three main types:
Descriptive Analytics: Focuses on summarizing historical data to understand what has happened in the past
...Develop Analytical
Models Create models to analyze data and generate insights that support decision-making
...
Business Analytics Overview 
Type Description Example
Descriptive Analytics Analyzes 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
...
Foster Sustainable Practices with Data Insights 
include: Type of Analytics Description Application in Sustainability
Descriptive Analytics Analyzes historical data to identify trends and patterns
...Predictive Analytics Uses statistical
models and machine learning techniques to forecast future outcomes
...
Key Takeaways 
Understanding key concepts is essential for effective analysis: Concept Description
Descriptive Statistics Summarizes and describes the characteristics of a data set
...Predictive Analytics: Uses statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Discoveries 
types: Type of Discovery Description
Descriptive Analytics Analyzes historical data to understand what has happened in the past
...Predictive Analytics Uses statistical
models and machine learning to forecast future outcomes
...
Evaluating Financial Performance with Data 
Some common techniques include:
Descriptive Analytics: This involves summarizing historical financial data to identify trends and patterns
...Time Series Analysis Variance Analysis Trend Analysis Predictive Analytics: This technique uses statistical
models and machine learning algorithms to forecast future financial performance based on historical data
...
Data Analytics 
Types of Data Analytics Data analytics can be categorized into four main types, each serving different purposes:
Descriptive Analytics: Focuses on summarizing historical data to understand what has happened in the past
...Predictive Analytics: Utilizes statistical
models and machine learning techniques to forecast future outcomes based on historical data
...
Consumer Purchase Trends 
Subscription Services Consumers favor subscription
models for convenience and cost-effectiveness
...For more information on related topics, visit Business Analytics and
Descriptive Analytics
...
Tools 
Overview of Prescriptive Analytics Prescriptive analytics is the third phase of data analytics, following
descriptive and predictive analytics
...Optimization Algorithms: Use of mathematical
models to identify the best course of action
...
Nebenberuflich (z.B. mit Nebenjob) selbstständig u. Ideen haben
Der Trend bei der Selbständigkeit ist auf gute Ideen zu setzen und dabei vieleich auch noch nebenberuflich zu starten - am besten mit einem guten Konzept ...
Nebenberuflich selbstständig 
Nebenberuflich selbständig ist, wer sich neben seinem Hauptjob im Anstellungsverhältnis eine selbständige Nebentigkeit begründet.