Descriptive Analytics

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Overview

Descriptive analytics is the analysis of historical data to understand trends and evaluate past performance.

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Descriptive analytics involves the examination of historical data to identify patterns, trends, and insights. By analyzing past data, businesses can understand what has happened over a specific period and use this information to make informed decisions. This type of analytics provides a comprehensive overview of past performance, helping organizations to evaluate their strategies and operations effectively.

The primary goal of descriptive analytics is to summarize and interpret data to create meaningful insights. It often employs various statistical techniques and tools to condense large volumes of data into understandable and actionable information. This allows businesses to gain a clearer picture of their past activities and outcomes, facilitating improved planning and decision-making processes.