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What are some of the techniques for data analytics?

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Data Analyst with 10 years of experience in Fintech, Product ,and IT Services

### Data Analytics Techniques 1. **Descriptive Analytics:** Looks at past data to see what happened. - *Example:* Reports showing past sales. 2. **Diagnostic Analytics:** Finds out why something happened. - *Example:* Checking why sales dropped. 3. **Predictive Analytics:** Uses past data to guess...
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### Data Analytics Techniques

1. **Descriptive Analytics:** Looks at past data to see what happened.
- *Example:* Reports showing past sales.

2. **Diagnostic Analytics:** Finds out why something happened.
- *Example:* Checking why sales dropped.

3. **Predictive Analytics:** Uses past data to guess future trends.
- *Example:* Forecasting next month's sales.

4. **Prescriptive Analytics:** Suggests what actions to take.
- *Example:* Recommending marketing strategies.

5. **Data Mining:** Finds patterns in large data sets.
- *Example:* Identifying customer groups.

6. **Text Analytics:** Analyzes text for useful insights.
- *Example:* Analyzing customer reviews.

### Summary:
Techniques help understand past data, find reasons, predict future trends, suggest actions, discover patterns, and analyze text.

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