Week 1

Question 1

4 major ingredients for data analytics

Answer 1

1- data
2-model
3-work with data make decisions
4- end goal create value

Question 2

3 major part analytics

Answer 2

1-descriptive: not make predictions summarize what happened in past (visualization)
2- predictive: tell us what happen in future (regression)
3- prescriptive: given prediction make optimal choice (optimization)