What type of data analysis identifies patterns and insights for decision making? 🔊
The type of data analysis that identifies patterns and insights for decision-making is called descriptive analytics. It involves collecting historical data and using statistical analysis to understand past performance, trends, and relationships. Descriptive analytics is often the first step in the analytical process, providing valuable insights that can inform future strategies and actions. By interpreting this data, organizations can make informed decisions to optimize business processes and outcomes.
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