Descriptive Analytics, Predictive Analytics, ROI and Statistics

Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

Rocket-Powered Data Science

OCTOBER 6, 2023

What is the point of those obvious statistical inferences? The point is that the 100% association between the event and the preceding condition has no special predictive or prescriptive power. How do predictive and prescriptive analytics fit into this statistical framework? Pay attention! Ask questions about this!”

Business Analytics

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What Is Embedded Analytics?

Jet Global

MAY 1, 2023

Return on Investment Now we bring it all together to calculate the ROI on embedded analytics. Costs: The investment in developing and maintaining the solution. “-1”: The formula assures that a positive ROI is achieved only when benefits exceed the costs. Benefits: The combination of strategic benefits (e.g., cost reduction).

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Data Leaders Brief

Three Types of Actionable Business Analytics Not Called Predictive or Prescriptive

What Is Embedded Analytics?

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