Let's understand the different types of data analytics to find how Diagnostic analytics is the correct option here.Descriptive Analytics explains what happened in the past. It provides context to the businesses and helps to understand how it is performing. It can be represented as data visualizations such as charts, graphs, dashboards, and reports.Diagnostic Analytics explains why something has happened in the past. It takes the descriptive data to the next level and provides a deeper analysis of why something happened. It is also known as root cause analysis and includes data discovery, data mining, drill down, and drill through.Predictive Analytics predicts what's most likely to happen in the future. It takes historical data and uses a machine learning model to predict what will happen next.Prescriptive Analytics explains the actions to take to affect the upcoming results. It takes predictive data to the next level and suggests actions to be performed along with the outline of potential implications.Option A is Correct. The descriptive analytics uses charts, graphs, dashboards, and reports to present what happened in the past and how it is performing. Here, the aim of creating bar chart is to track the year-wise sale.Option B is incorrect. Diagnostic analytics explains why something happened in the past to find the root cause.Here, the organization is using a bar chart just to track the sales, not the cause of increase or decrease. Option C is incorrect. Predictive analytics is done to predict what will happen in the future while here, the bar chart is presenting the past data of sales of the organization.Option D is incorrect. Prescriptive analytics explains the set of actions to be performed as per the predictive analytics while here, the bar chart is presenting the past data of sales of the organization.Reference: To know more about the different types of data analytics, refer to the link below:https://www.logianalytics.com/predictive-analytics/comparing-descriptive-predictive-prescriptive-and-diagnostic-analytics/
Let's understand the different types of data analytics to find how Diagnostic analytics is the correct option here.
Descriptive Analytics explains what happened in the past. It provides context to the businesses and helps to understand how it is performing. It can be represented as data visualizations such as charts, graphs, dashboards, and reports.
Diagnostic Analytics explains why something has happened in the past. It takes the descriptive data to the next level and provides a deeper analysis of why something happened. It is also known as root cause analysis and includes data discovery, data mining, drill down, and drill through.
Predictive Analytics predicts what's most likely to happen in the future. It takes historical data and uses a machine learning model to predict what will happen next.
Prescriptive Analytics explains the actions to take to affect the upcoming results. It takes predictive data to the next level and suggests actions to be performed along with the outline of potential implications.
Option A is Correct. The descriptive analytics uses charts, graphs, dashboards, and reports to present what happened in the past and how it is performing. Here, the aim of creating bar chart is to track the year-wise sale.
Option B is incorrect. Diagnostic analytics explains why something happened in the past to find the root cause.
Here, the organization is using a bar chart just to track the sales, not the cause of increase or decrease.
Option C is incorrect. Predictive analytics is done to predict what will happen in the future while here, the bar chart is presenting the past data of sales of the organization.
Option D is incorrect. Prescriptive analytics explains the set of actions to be performed as per the predictive analytics while here, the bar chart is presenting the past data of sales of the organization.
Reference: To know more about the different types of data analytics, refer to the link below:
https://www.logianalytics.com/predictive-analytics/comparing-descriptive-predictive-prescriptive-and-diagnostic-analytics/