Prescriptive analytics goes beyond simply predicting options in the predictive model and actually suggests a range of prescribed actions and the potential outcomes of each action. … Google’s self-driving car, Waymo, is an example of prescriptive analytics in action.

Which is an example of prescriptive analytics?

Prescriptive analytics goes beyond simply predicting options in the predictive model and actually suggests a range of prescribed actions and the potential outcomes of each action. … Google’s self-driving car, Waymo, is an example of prescriptive analytics in action.

What is an example of descriptive analytics?

Company reports tracking inventory, workflow, sales and revenue are all examples of descriptive analytics. Other examples include KPIs and metrics used to measure the performance of specific aspects of the business or the company overall.