How Predictive Analytics Can Change Your Online Business
Prescriptive and predictive analytics are among the advanced ecommerce trends of this year and turned to be widely used by online stores as well.
The number of engaged users and dedicated software applications increased manyfold in recent years. So, what is the reason for this tide?
Types of Data Analysis
There are three most common types of data analytics different by goals and approaches. Here the are: Descriptive, Predictive, and Prescriptive analytics. To be precise, they are subsequent stages of the same analytical process aiming to find the best ways to generate more leads and higher profits, find more potential prospects, and the best circumstances for prolific sales.