Descriptive Predictive Prescriptive Statistics
A most important subject for everybody to apply in their life and also in work, however, we ignore it after school or are not being taught the real purpose of the subject.
If you see the below explanations, then you will realize what we can do with the subject.
- Descriptive: Describes the problem, and identifies the problem from the given data.
- Predictive: Predicts what would happen if one part of the data is changed.
- Prescriptive: Based on descriptive and predictive analysis prepares a model and action plan to remediate the problem.
Please check about “Data Science and Machine Learning“