What are some of the techniques for data analytics?

Asked by Last Modified  

1 Answer

Follow 1
Answer

Please enter your answer

Data Analyst with 10 years of experience in Fintech, Product ,and IT Services

### Data Analytics Techniques 1. **Descriptive Analytics:** Looks at past data to see what happened. - *Example:* Reports showing past sales. 2. **Diagnostic Analytics:** Finds out why something happened. - *Example:* Checking why sales dropped. 3. **Predictive Analytics:** Uses past data to guess...
read more
### Data Analytics Techniques 1. **Descriptive Analytics:** Looks at past data to see what happened. - *Example:* Reports showing past sales. 2. **Diagnostic Analytics:** Finds out why something happened. - *Example:* Checking why sales dropped. 3. **Predictive Analytics:** Uses past data to guess future trends. - *Example:* Forecasting next month's sales. 4. **Prescriptive Analytics:** Suggests what actions to take. - *Example:* Recommending marketing strategies. 5. **Data Mining:** Finds patterns in large data sets. - *Example:* Identifying customer groups. 6. **Text Analytics:** Analyzes text for useful insights. - *Example:* Analyzing customer reviews. ### Summary:Techniques help understand past data, find reasons, predict future trends, suggest actions, discover patterns, and analyze text. read less
Comments

Related Questions

Is that possible to do machine learning and Data science course after B.com, MBA Finance and marketing students and how is career growth? 

People from any background can learn Machine Learning & Data Science concepts. But all it requires is you need to stay focus and continuous practice. It can be applied in any domain like Finance, Marketing,...
Priya

Digital Marketing vs Data Science: Which has a more fruitful career?

After Covid, the below-mentioned jobs below would have more demand in the future. Digital Marketing Website Development Copy Writing & Content Writing Social Media Marketing Graphics Designing Video Editing Blogging Translation
Ranjit

I want to take online classes on database/ ETL testing.

 

Also i look forward to teach Mathematics/Science for class X-XII

Both are co-related to each other but compare to DBA Jobs, ETL job is more demanding hence you take class for informatica tools and others.
Varsha
0 0
7

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

Using Styles In Excel
With MS Excel 2010 Named styles make it very easy to apply a set of predefined formatting options to a cell or range. It saves time as well as make sure that look of the cells are consistent. A Style...

GDPR Data Privacy in 90 seconds
What is GDPR? -The General Data Protection Regulation is a law, that is meant to protect the privacy of an Individual belonging to the European Union. GDPR enhances the powers of regulatory authorities...

Adding Graphics In Excel
Graphic Objects in MS Excel: MS Excel supports various types of graphic objects like Shapes gallery, SmartArt, Text Box, and WordArt available on the Insert tab of the Ribbon.Graphics are available in...

Data Scientist Vs Data Analyst
Data Scientist – Rock Star of IT A Data Scientist is a professional who understands data from a business point of view. He is in charge of making predictions to help businesses take accurate decisions....

Looking for Data Analytics classes?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you