What are the main differences between descriptive, predictive, and prescriptive analytics tools?

What are the main differences between descriptive, predictive, and prescriptive analytics tools?
March 11, 2023 Comments Off on What are the main differences between descriptive, predictive, and prescriptive analytics tools? Uncategorized Assignment-help
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Assignment Content Competency 1 Statement Utilizing statistical and data analytic frameworks, you will be able to evaluate and analyze the role big data plays in business decision-making. You will also demonstrate the ability to analyze and graphically describe key business data in Excel, allowing business leaders to achieve a competitive advantage. Reflection Consider the following: How is data analytics different from statistics? What are the main differences between descriptive, predictive, and prescriptive analytics tools? How do businesses use analytics to convert raw operational data into actionable information?