6/16/2023 0 Comments Big data analysis techniques![]() ![]() Descriptive analyticsĭescriptive analytics – the use of basic statistics, exploratory data analysis, and data visualization – takes the collected data of a business and summarizes, "slices and dices" that data to gain insights about what has happened.ĭescriptive analytics is often the MBA student's first step on the journey of analysis. Here are five analytics techniques that MBA students will learn, that they're sure to apply in their future work: 1. ![]() Cliff Ragsdale, a business information technology professor at Virginia Tech's Pamplin College of Business, teaches a survey course wherein MBA students learn about different kinds of analytics, so that they'll understand how these methods are applied across all the functional areas of a business. Whether they're preparing for their first professional job, or they've come back to school after some time working, this is knowledge they need in order to manage effectively - to make decisions in our modern data-driven business world.įor instance, Dr. That makes it important that MBA students gain experience with these analytics techniques. The availability of data is driving an interest in analytics throughout the business world. But today, analytics skills have become essential for higher-paying management roles in most organizations. They study accounting and finance, sales and marketing, production and operations, human resources, and many other topics. MBA students want to learn the skills they'll need to be effective business managers.
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