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ECOM 1000 Analytics for Decision Making

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As per the course, ECOM 1000 Analytics for Decision Making, there are six steps of analytics-based decision-making, and they are as follows:

  • Knowing the problem or the question.
  • Reviewing previous findings
  • Selecting the variables and Model the solution
  • Collection of the data.
  • We are analyzing the connected data.
  • Present and Action the results.

Also, there are four main kinds of analytics as per the course ECOM 1000 Analytics for Decision Making, and they are:

  • Descriptive
  • Diagnostic
  • Predictive and
  • Prescriptive

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