What Is The Use Of What If Analysis In Excel How It Can Be Useful In Business Operation? ... For businesses to make informed decisions, there are three kinds of analytics: descriptive, predictive, and ...

The authors of the Analytics Magazine article also point out an essential (and obvious, once you think about it) fact about prescriptive analysis: It isn’t a new concept.

AI-enhanced prescriptive analytics is no longer optional — it’s the strategic engine behind real-time decisions, optimization and competitive edge in 2025.

2. Prescriptive analytics is foolproof. Bad data is bad data. Prescriptive analytics is only as effective as the data it receives. Many factors can affect the quality of data-driven insights.

Prescriptive analytics suggests actions based on the analysis, helping businesses decide the best course of action. ... Develop skills: Build technical skills in data analysis tools like Excel, Power ...