Business analytics refers to
the process of analyzing past business performance mainly for the purposes of
planning. It majorly makes use of statistical methods to come up with reliable
conclusions derived from the business’ past performance records.
Being a field that is closely
related to statistics, business analysts need to be individuals with solid
mathematical and statistical analysis skills. Both of these requirements are
not easy to achieve and they require massive practice and experience. For this reason,
students undertaking business analytics always face many barriers in the course
of learning.
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