Discussion: course reflection: international business practice
2. Data Visualization: Visualizing data is an important part of the business analytics process as it helps convey information quickly and clearly in a way that’s easy to understand. Different types of visualizations like charts, graphs, maps, tables, or diagrams can be used depending on what type of information needs to be presented.
3. Predictive Analytics: Predictive analytics can give organizations an idea of what might happen in the future based on past data or current trends in the market by making predictions about customer behavior or other outcomes related to their products and services. This type of analytics is useful for helping businesses plan ahead for potential risks or take advantage of opportunities before they arise.
4. Machine Learning: Machine learning algorithms are computer programs that “learn” from large sets of data without being explicitly programmed with instructions on how to do so (known as supervised learning). These algorithms are becoming increasingly popular because they allow companies to more accurately predict customer behavior and improve their services accordingly — potentially providing a competitive edge over competitors who don’t have access to such technology yet!
5 Advanced Statistical Techniques: The ability to apply advanced statistical techniques such as regression analysis, time series forecasting and cluster analysis can help businesses make sense out of complex datasets in order to get meaningful results from their analyses which could then inform strategic decision making processes within the organization.