#prescriptive

AKTU MBA Lectures Playlist for All Subjects KMBN101 : Management Concept and Organisational Behaviour Lectures … source

Business analytics leveraging data patterns for strategic moves comes in three key approaches – descriptive identifying “what has occurred", predictive forecasting “what could occur” and prescriptive recommending “what should occur” to optimize decisions. We decode the science behind each for aspiring analytics professionals.

Descriptive analytics convert volumes of historical data into insightful summaries around metrics revealing business health, customer trends, operational efficiencies etc. using direct analysis, aggregation and mining techniques producing current reports. 

Predictive analytics forecast unknown future probabilities applying statistical, econometric and machine learning models over existing data to minimize uncertainties and capture emerging behaviors early for mitigation actions. Risk models simulate scenarios balancing upside/downside tradeoffs. 

Prescriptive analytics take guidance one step further by dynamically recommending best decision options factoring in key performance indicators for business objective improvements after predicting multiple futures using bell curve simulations. Optimization algorithms deliver preferred actions.

While foundational data comprehension and wrangling abilities fuel all models – pursuing analytics specializations focused on statistical, computational or operational excellence boosts career-readiness filling different priorities global employers seek!

Posted By:

Aditi Borade, 4th year Barch,

Ls Raheja School of architecture 

Prescription Drug Misuse Increases Risk For Substance Use Disorder

Nearly half of people in a large U.S. study reported misusing prescription drugs between ages 18-50, which made them more likely to develop substance use disorder symptoms as adults––especially those whose misuse peaked later in life. The new study from University of Michigan School of Nursing researchers recommends screening for prescription drug misuse and substance use disorder from…

Prescription Drug Misuse Increases Risk For Substance Use Disorder

Nearly half of people in a large U.S. study reported misusing prescription drugs between ages 18-50, which made them more likely to develop substance use disorder symptoms as adults––especially those whose misuse peaked later in life. The new study from University of Michigan School of Nursing researchers recommends screening for prescription drug misuse and substance use disorder from…

In her book The Real World of Technology, the metallurgist Ursula Franklin contrasts prescriptive technologies, where many individuals produce components of the whole (think about Adam Smith’s pin factory), with holistic technologies, where the creator controls and understands the process from start to finish.