Business Analytics

Business StudiesAdvanced Level

10 flashcards

Card 1 of 1010%

Question

How does descriptive analytics help businesses make decisions?

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Answer

Definition

Descriptive analytics summarizes past data to identify trends and patterns. This information helps businesses understand what has happened in the past.

Example

A retail chain analyzes last year's sales data to determine which products sold best during the holiday season.

Quick Tip

Look back to see the trends.

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