Types of Business Analytics Explained: Business Analytics with Microsoft Excel Guide (2026) | Edugators

Types of Business Analytics Explained in Business Analytics with Microsoft Excel

Beginner Topic 2 of 10

Types of Business Analytics

Business analytics can be divided into four major categories.

1. Descriptive Analytics

Explains what happened in the past using historical data.

2. Diagnostic Analytics

Explains why something happened.

3. Predictive Analytics

Predicts future outcomes using statistical models.

4. Prescriptive Analytics

Suggests actions to achieve desired results.

Excel is widely used in descriptive and diagnostic analytics.

What is Business Analytics and Why It Matters Role of Microsoft Excel in Business Analytics

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