INTRODUCTION TO BUSINESS ANALYTICS | BY SAGAR SAKALLEY | @macroedtech #businessanalysis

Business analytics refers to the practice of using data, statistical analysis, and predictive modeling to help businesses make more informed decisions. It involves collecting, processing, and analyzing data to uncover patterns, trends, and insights that can guide business strategies, improve operations, and enhance decision-making.

Key components of business analytics include:

Data Mining: Extracting useful information from large datasets.
Predictive Analytics: Using historical data to predict future trends or behaviors.
Prescriptive Analytics: Recommending actions based on data insights.
Statistical Analysis: Applying mathematical techniques to understand and interpret data.
Reporting and Data Visualization: Presenting data in a meaningful way through dashboards, charts, and graphs.
Business analytics is often applied in areas such as marketing, finance, operations, and human resources to optimize business performance, reduce risks, and drive growth.

Educator : Sagar Sakalley
Macroedtech online Educational Services
www.youtube.com/@UCusJ04EERNDW_SDcAFE1sKQ
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#businessmathematics #analytics #descriptive #predictivemodeling #statistics #probability

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