Descriptive Models
Enhancing Operational Strategies through Data
Statistical Analysis for Competitive Strategies
Data
Leveraging Analytics for Business Transformation
Data Analysis Frameworks
Data Analysis and Customer Experience Management
Statistical Reports
Data Analysis and Strategy 
analysis techniques that businesses can employ: Type of Analysis Description
Descriptive Analysis Summarizes historical data to identify trends and patterns
...Predictive Analysis Uses statistical
models and machine learning techniques to forecast future outcomes
...
Enhancing Operational Strategies through Data three main types of analytics: Type of Analytics Description Purpose
Descriptive Analytics Analyzes historical data to understand trends and patterns
...Predictive Analytics Uses statistical
models and machine learning techniques to forecast future outcomes
...
Statistical Analysis for Competitive Strategies Technique Description Application
Descriptive Statistics Summarizes data from a sample using measures such as mean, median, and mode
...Sales Forecasting Statistical
models can predict future sales based on historical data, helping businesses manage inventory and resources effectively
...
Data It can be divided into several categories:
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
...
Leveraging Analytics for Business Transformation different types of analytics include: Type of Analytics Description Purpose
Descriptive Analytics Analyzes historical data to understand trends and patterns
...Predictive Analytics Uses statistical
models and machine learning techniques to forecast future outcomes
...
Data Analysis Frameworks methodologies and applications: Framework Type Description Common Use Cases
Descriptive Analysis Focuses on summarizing historical data to identify trends and patterns
...Root cause analysis, failure analysis Predictive Analysis Uses statistical
models and machine learning techniques to forecast future outcomes
...
Data Analysis and Customer Experience Management Predictive Analytics: Predictive
models can forecast future customer behaviors, helping businesses to proactively address customer needs
...Methods of Data Analysis in CEM Various methods can be employed in data analysis for Customer Experience Management:
Descriptive Analytics: Provides insights into past customer behavior through historical data analysis
...
Statistical Reports The main types include:
Descriptive Reports: These reports summarize data and provide a clear overview of the information without making predictions or inferences
...Overfitting: Excessively complex
models may fit the training data well but perform poorly on new data
...
Supporting Organizational Change with Data It goes beyond
descriptive and predictive analytics by providing actionable insights
...Prescriptive analytics can suggest the most effective strategies for implementing change based on historical data and predictive
models ...
Data Analytics Types of Data Analytics Data analytics can be categorized into four main types:
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
...
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