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This document discusses predictive, prescriptive, and descriptive analytics. Predictive analytics uses historical data and machine learning models to predict future trends and patterns. For example, predictive analytics can estimate when machine components will need servicing based on measured data. However, predictive analytics alone does not determine the appropriate actions to take. Prescriptive analytics goes beyond prediction to recommend optimal actions. Descriptive analytics summarizes past business performance to gain insights.

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32 views3 pages

Assignment 1

This document discusses predictive, prescriptive, and descriptive analytics. Predictive analytics uses historical data and machine learning models to predict future trends and patterns. For example, predictive analytics can estimate when machine components will need servicing based on measured data. However, predictive analytics alone does not determine the appropriate actions to take. Prescriptive analytics goes beyond prediction to recommend optimal actions. Descriptive analytics summarizes past business performance to gain insights.

Uploaded by

mercy.wangechi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Running head: PREDICTIVE ANALYTICS WITH PRESCRIPTIVE AND DESCRIPTIVE

ANALYTICS 1

Predictive Analytics with Prescriptive and Descriptive Analytics

Name

Date
PREDICTIVE ANALYTICS WITH PRESCRIPTIVE AND DESCRIPTIVE ANALYTICS 2

Predictive Analytics with Prescriptive and Descriptive Analytics

Analytics solutions give a convenient way of leveraging business data in order to drive

more informed business decisions. Predictive analytics utilizes historical data and puts it into

machine learning models that evaluate key trends and patterns. These models are applied to

current data in order to predict what will happen next. Here, modeling and statistical techniques

are utilized to determine what might happen in the future (Khalifa, & Zabani, 2016). An example

is where businesses need to evaluate when a machine needs servicing. They use various

algorithms and measured machine data in order to estimate the life of critical components. This

information is useful and applicable, but, it does not determine what appropriate action to be

taken as it only informs the user that the machine requires maintenance.
PREDICTIVE ANALYTICS WITH PRESCRIPTIVE AND DESCRIPTIVE ANALYTICS 3

References

Khalifa, M., & Zabani, I. (2016). Utilizing health analytics in improving the performance of

healthcare services: A case study on a tertiary care hospital. Journal of Infection and

Public Health, 9(6), 757–765. doi:10.1016/j.jiph.2016.08.016 

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