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Description of #2. The different levels of analysis
In this episode, we explored the four levels of data analytics: descriptive, diagnostic, predictive, and prescriptive. Descriptive analytics helps us describe what's happening, like analyzing sales reports. Diagnostic analytics asks why things are happening, looking at factors influencing trends. Predictive analytics predicts the future based on past data, such as predicting employee performance when hiring. Finally, prescriptive analytics gives recommendations on what to do next, like how airlines use pricing strategies. Join us next time as we continue exploring data literacy!
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