Top analytics techniques MBA students must know

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Analytics skills have emerged as essential skills for excelling in a role in management.
The data availability is ensuring an increasing interest in analytics throughout the business
world. And hence, it has become mandatory for MBA students to gain an extensive
knowledge in analytics techniques.
Below listed are the top 5 analytic techniques an MBA students should possess.


·   Descriptive analytics – It is the MBA student’s first and foremost step towards
a journey of analysis. This will help them learn displaying the data in a meaningful
way and also to help make informed statements.
·   Predictive analysis – Predictive tools help use data to predict what happens next.
MBA students must learn predictive analytics to help build a framework that they
can apply to solve problems in the future.
·   Optimization for resource allocation – Analytics tools are believed to be beneficial in
determining the optimal resource allocation for an organization.
·   Risk management – Uncertainty and risk constitute this part of analytics.
This help in visualising how each technique can be used in real world scenarios to
solve any consequences.
·   Big data – Big data defines the abundance of information and is characterized by
volume, variety and velocity. MBA students who understands the difference in
various techniques that is used to analyse big data will have an upper hand over
his team members in an organization.
To know more, visit : https://rcbs.rajagiri.edu/  
                                           


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