Differentiate among Descriptive, Predictive and Prescriptive analytics performed under Machine Learning.
Descriptive, predictive, and prescriptive analytics represent different levels of analytics used in Machine Learning (ML), each serving distinct purposes. Descriptive analytics focuses on understanding past data to summarize what has happened, predictive analytics leverages historical data to forecast future outcomes, and prescriptive analytics goes a step further to recommend actions to optimize or improve decision-making.
Descriptive analytics is primarily aimed at understanding past events and data patterns. It involves summarizing historical data through techniques such as statistical analysis, data aggregation, and data visualization. The goal here is _______ ___ _______ _____ _________ _______ _____ ________ _____.
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