Define the different types of analytics

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Reference no: EM134020036

Assignment:

Types of Business Analytics

Prior to beginning work on this assignment,

Review Chapter 1: Data Science and Its Scope.
Read Chapter 2: Data Science, Analytics, and Business Analytics.
Read Chapter 3: Business Analytics, Business Intelligence, and Their Relationship to Data Science.

You may also wish to read the optional Understanding Your Assignment resource from the Writing Center.

Based on your reading material for this week, discuss below the different types of analytics and how they are different but still work together to provide value to the organization.

Define the different types of analytics.
List the different questions each analytics tries to answer.
Identify the different tools that can be used for each of these types.
List the different knowledge needed for each type.
Explain how these different types can be integrated together to add value to an organization. For example, consider how an organization might be able to
Understand what is happening and why it happened,
Predict what can happen and how the input can predict the future,
Optimize resources to maximize a critical goal, and
Assist with the decision-making process in the organization.

Reference no: EM134020036

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