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Statistical interpretation is used to analyze historical data to identify patterns and relationships. It describes event, phenomenon and outcome.
A form of advanced analytics that examines data or content to answer the question why did it happen?
A branch of advanced analytics that makes predictions about future outcomes using historical data combined with statistical modeling, data mining techniques and machine learning.
Prescriptive analytics is the use of advanced processes and tools to analyze data and content to recommend the optimal course of action or strategy moving forward.
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