Analytics Techniques
Analytics techniques are methods used to analyze data and extract meaningful insights. These techniques can include descriptive analytics, which summarizes past data to understand trends, and predictive analytics, which uses statistical models to forecast future outcomes. Other techniques, like prescriptive analytics, recommend actions based on data analysis.
Common tools for these techniques include data visualization software, which helps present data in an understandable format, and machine learning algorithms, which can identify patterns in large datasets. By applying these techniques, organizations can make informed decisions and improve their overall performance.