Define Analytics and Provide an Example of How It Has

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The Answer is Analytics concerns finding meaningful patterns in large datasets using conventional statistics, mathematical modeling, and various techniques to represent data visually.In some cases, the revealed patterns show that problems are more well structured than was thought.An example of analytics can be found in the bestselling book Moneyball by Michael Lewis.Lewis recounts how the general manager of the Oakland Athletics major league baseball team used an array of new performance statistics to evaluate players and implement tactics during games.The interesting thing about these analytic applications is that they showed that many intuitive and time-honoured decision rules used by managers (e.g., telling players to steal a base)were statistically incorrect.Using analytics enabled the Athletics to field highly competitive teams while paying comparatively modest salaries.

Define Analytics and Provide an Example of How It Has

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Define Analytics and Provide an Example of How It Has

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