Descriptive versus Predictive Analytics
Chapter Highlights
- •What Is Predictive Analytics and How Is It Different from Descriptive Analytics?
- •Exploring the Relationships between the Variables—Qualitative Tools
- •An Example of Logic-Driven Model—Cause-and-Effect Diagram
- •Data-Driven Predictive Models and Their Applications—Quantitative Models
- •Prerequisites and Background for Predictive Analytics
- •Summary
What Is Predictive Analytics and How Is It Different from Descriptive Analytics?
The case on descriptive analytics discussed in Chapter 4 explained how the data could be explored to reveal information. One of the best ways to learn from the data is to use visual techniques to create charts, graphs, and numerical summary. In case ...
Get Business Analytics, Volume II now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
