Predictive Analytics vs Prescriptive Analytics in one picture

Author: Stephanie Glen

Predictive analytics, prescriptive analytics and the fairly recent offshoot– discovery analytics– can all support business decision making. Although the three tools are very similar in that they build off the same analytic foundation, the types of decisions they support are quite different. This one picture explains the differences between the three methods.

References

Predictive vs. Prescriptive Analytics: What’s the Difference?

Business Solutions & Big Data: Descriptive Analytics

Differences Between Predictive and Prescriptive Analytics

Self driving car image: Grendelkhan [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)]

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