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Chapter 13, Problem 22RQ

Explanation of Solution

Data Analytics:

  • Data analytics is a part of Business Intelligence (BI) from which required information or data is extracted.
  • The data includes mathematics, science, sociology, statistics, modeling and many others.
  • In BI framework, data analytics is termed as shared service because it is used in all the phases including reporting, visualization, monitoring, altering and many such.
  • The data can be grouped in two different formats namely, explanatory analytics and predictive analytics.

Description of explanatory and predictive analytics:

  • Explanatory analytics is one of the formats of data analytics used for accessing the required data from datasets.
    • It describes about the characteristics and relationships related to the data.
    • With the involvement of advanced algorithms, users can add the required patterns and features to the data...

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