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 of statistics.
- Descriptive statistics: Describes the problem, and identifies the problem from the given data.
- Predictive statistics: Predicts what would happen if one part of the data is changed.
- Prescriptive statistics: Based on descriptive and predictive analysis prepares a model and action plan to remediate the problem.
Also please check about “Data science and Machine Learning“
Please see the below video to learn a quick overview of statistics in 40 minutes.