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Types of Data Analysis

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9 views1 page

Types of Data Analysis

Uploaded by

vyasanleo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Types of Data Analysis with Examples

1. Descriptive Analysis

Summarizes past data to understand what has happened.


Example: A sales manager checks last month's sales report to find that the company sold 10,000
units and made Rs.5 lakhs.
Keyword: What happened?

2. Diagnostic Analysis

Looks deeper into data to understand why something happened.


Example: After seeing a drop in sales, the manager finds that a competitor launched a similar
product at a lower price, affecting their sales.
Keyword: Why did it happen?

3. Predictive Analysis

Uses past data to predict future outcomes.


Example: Based on sales trends from the past 2 years, a company predicts that sales will increase
by 15% during the festive season.
Keyword: What is likely to happen?

4. Prescriptive Analysis

Recommends actions based on data insights.


Example: An e-commerce platform uses customer behavior data to suggest personalized product
offers, increasing chances of purchase.
Keyword: What should we do?

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