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Need of Analytics management-
It refers to skills, practices and continuous investigation and exploration of past performances of business to accelerate business planning. It is all about focusing on new and innovative business development which ensures business growth. Analytics Management uses statistical analysis including predictive and explanatory approach. Facts derived from these approaches are then used for decision making.
To find the answers of business related questions like what will happen next, why this is happening, what is best, and what if this happens, Analytics Management is used. In case you face nay problem then don’t forget to ask for Analytics Management homework help from us.
Types of Analytics
- Decision analytics– it supports human decisions with considering future aspects.
- Descriptive analytics– it focuses on examining the historical records with reporting.
- Predictive analytics– it uses machine learning techniques and statistics to predict a model.
- Prescriptive analytics– it recommends decisions using simulation.
Now the analytics management exposed to computer technologies and this has brought many changes and endless possibilities. Analytics management is closely related to science of business.
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- Application of Analytics Management
- Challenges of analytics
- Competing on analytics
- Decision modeling
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