While the term prescriptive analytics was first coined by IBM 2 and later trademarked by Ayata 9 the underlying concepts have been around for hundreds of years. What came to be.
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Factor analysis is commonly used in psychometrics personality psychology biology marketing product management operations research finance and machine learning.
. Data analytics and business analytics. Sporadic use of the term business intelligence dates back to at least the 1860s but consultant Howard Dresner is credited with first proposing it in 1989 as an umbrella phrase for applying data analysis techniques to support business decision-making processes. It works on Windows LinuxFreeBSD and Mac OSX platforms.
RDQA is a R package for Qualitative Data Analysis a free qualitative analysis software application BSD license. All the information is stored in a SQLite. RQDA is an easy to use tool to assist in the analysis of textual data.
A common rationale behind factor analytic methods is that the information gained about the interdependencies between observed variables can be used later to reduce the set of variables in a dataset. Prescriptive analytics incorporates both structured and unstructured data and uses a combination of advanced analytic techniques and disciplines to predict prescribe and adapt. At the moment it only supports plain text formatted data.
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