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Test your vocabulary with our question quiz! Definition of analysis. Synonyms for analysis Synonyms anatomizing , anatomy , assay , breakdown , deconstruction , dissection Visit the Thesaurus for More. Examples of analysis in a Sentence His analyses expose hidden fractures with the clarity of an X-ray, and his rhetorical skill, though modulated in a journalistic style, owes much to the give and take of Euripides' crisp dialogue.
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They imagined a representative human, Homo economicus, endowed with consistent preferences, stable moods, and an enviable ability to make only rational decisions. This sleight of hand yielded some theories that had genuine predictive value, but economists were obliged to exclude from their analyses many phenomena that didn't fit the … framework, such as stock-market bubbles, drug addiction, and compulsive shopping. Rakove , Original Meanings , Thanks to some pioneering studies, and an increasing body of editions, translations, and detailed analyses , we now have a good general picture of the spiritual culture of late-medieval women on the Continent, especially in the Low Countries and Germany.
That's not a bad analysis of the situation. Earn Your Degree. University of Illinois at Urbana-Champaign. Cloud Computing Concepts, Part 1. Cloud Computing Concepts: Part 2. Pattern Discovery in Data Mining. Cloud Computing. Specialization 6 Courses. Data Mining. Most Popular Certificates. Applied Data Science with Python.
Analysis & Opinion
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Professional Certificate. Data Science for Non-Practitioners. Introduction to Data Analytics for Business. Predictive analysis uses the data we have summarized to make logical predictions of the outcomes of events. This analysis relies on statistical modeling, which requires added technology and manpower to forecast.
It is also important to understand that forecasting is only an estimate; the accuracy of predictions relies on quality and detailed data. While descriptive and diagnostic analysis are common practices in business, predictive analysis is where many organizations begin show signs of difficulty. Some companies do not have the manpower to implement predictive analysis in every place they desire. Others are not yet willing to invest in analysis teams across every department or not prepared to educate current teams. The final type of data analysis is the most sought after, but few organizations are truly equipped to perform it.
Prescriptive analysis is the frontier of data analysis, combining the insight from all previous analyses to determine the course of action to take in a current problem or decision.
Prescriptive analysis utilizes state of the art technology and data practices. It is a huge organizational commitment and companies must be sure that they are ready and willing to put forth the effort and resources.
Artificial Intelligence AI is a perfect example of prescriptive analytics. AI systems consume a large amount of data to continuously learn and use this information to make informed decisions. Well-designed AI systems are capable of communicating these decisions and even putting those decisions into action. Business processes can be performed and optimized daily without a human doing anything with artificial intelligence.
Currently, most of the big data-driven companies Apple, Facebook, Netflix, etc.