prescriptive analytics

How Does Prescriptive Analytics Differ from Descriptive and Predictive Analytics?

While descriptive analytics focuses on summarizing historical data to understand what has happened, and predictive analytics uses statistical models and forecasting techniques to predict what might happen in the future, prescriptive analytics goes a step further. It not only forecasts future events but also recommends actions to influence those outcomes. Essentially, it answers the question: "What should we do?"

Frequently asked queries:

Relevant Topics