What are advanced analytics?
A)Processes and manages algorithms across many machines in a computing environment.
B)Focuses on forecasting future trends and producing insights using sophisticated quantitative methods, including statistics, descriptive and predictive data mining, simulation, and optimization.
C)Occurs when the user goes into an emotional state of over-analyzing (or over-thinking) a situation so that a decision or action is never taken, in effect paralyzing the outcome.
D)A business analytics specialist who uses visual tools to help people understand complex data.

Question

Quizplus · Accepted Answer

Advanced analytics is a branch of analytics that focuses on using sophisticated quantitative methods, such as statistics, data mining, simulation, and optimization, to gain insights and forecast future trends. It goes beyond traditional analytics to provide more detailed and accurate insights. Option A describes distributed computing, Option C describes overthinking, and Option D describes a data visualization specialist, which is not the same as advanced analytics.

What Are Advanced Analytics