{"id":424,"date":"2023-06-12T05:18:50","date_gmt":"2023-06-12T05:18:50","guid":{"rendered":"https:\/\/webresources-uat.com\/acrp0361\/?post_type=glossary&#038;p=424"},"modified":"2023-06-12T05:18:50","modified_gmt":"2023-06-12T05:18:50","slug":"business-analytics","status":"publish","type":"glossary","link":"https:\/\/crp.trb.org\/acrpwebresource18\/glossary\/business-analytics\/","title":{"rendered":"Business Analytics"},"content":{"rendered":"<p><span class=\"NormalTextRun SCXW57174764 BCX0\">S<\/span><span class=\"NormalTextRun SCXW57174764 BCX0\">olutions used to build analysis models and simulations to create scenarios, understand <\/span><span class=\"NormalTextRun SCXW57174764 BCX0\">events<\/span><span class=\"NormalTextRun SCXW57174764 BCX0\">,<\/span><span class=\"NormalTextRun SCXW57174764 BCX0\"> and predict future states<\/span><span class=\"NormalTextRun SCXW57174764 BCX0\"> (e.g.,<\/span><span class=\"NormalTextRun SCXW57174764 BCX0\"> <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Data Mining&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;span class=&amp;quot;NormalTextRun SCXW42405903 BCX0&amp;quot;&amp;gt;A family of procedures and techniques for extracting information and knowledge from large databases and applying the extracted knowledge to make data-based decisions (e.g., clustering, classification, regression, association rules)&amp;lt;\/span&amp;gt;&amp;lt;span class=&amp;quot;NormalTextRun SCXW42405903 BCX0&amp;quot;&amp;gt;.&amp;lt;\/span&amp;gt;&lt;\/div&gt;\"  href=\"https:\/\/crp.trb.org\/acrpwebresource18\/glossary\/data-mining\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>data mining<\/a>, statistics, <a class=\"glossaryLink\"  aria-describedby=\"tt\"  data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Predictive Analytics&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;span class=&amp;quot;NormalTextRun SCXW180822467 BCX0&amp;quot;&amp;gt;Advanced analytics procedures or techniques for analyzing content or data to predict characteristics of target variables based on relevant features or attributes of the data (e.g., predictive modeling, regression analysis, multivariate statistics, forecasting, and classification)&amp;lt;\/span&amp;gt;&amp;lt;span class=&amp;quot;NormalTextRun SCXW180822467 BCX0&amp;quot;&amp;gt;.&nbsp;&amp;lt;\/span&amp;gt;&lt;\/div&gt;\"  href=\"https:\/\/crp.trb.org\/acrpwebresource18\/glossary\/predictive-analytics\/\"  data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex='0' role='link'>predictive analytics<\/a><\/span><span class=\"NormalTextRun SCXW57174764 BCX0\">).<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solutions used to build analysis models and simulations to create scenarios, understand events, and predict future states (e.g., <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Data Mining&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;span class=&amp;quot;NormalTextRun SCXW42405903 BCX0&amp;quot;&amp;gt;A family of procedures and techniques for extracting information and knowledge from large databases and applying the extracted knowledge to make data-based decisions (e.g., clustering, classification, regression, association rules)&amp;lt;\/span&amp;gt;&amp;lt;span class=&amp;quot;NormalTextRun SCXW42405903 BCX0&amp;quot;&amp;gt;.&amp;lt;\/span&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/crp.trb.org\/acrpwebresource18\/glossary\/data-mining\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">data mining<\/a>, statistics, <a class=\"glossaryLink\" aria-describedby=\"tt\" data-cmtooltip=\"&lt;div class=glossaryItemTitle&gt;Predictive Analytics&lt;\/div&gt;&lt;div class=glossaryItemBody&gt;&amp;lt;span class=&amp;quot;NormalTextRun SCXW180822467 BCX0&amp;quot;&amp;gt;Advanced analytics procedures or techniques for analyzing content or data to predict characteristics of target variables based on relevant features or attributes of the data (e.g., predictive modeling, regression analysis, multivariate statistics, forecasting, and classification)&amp;lt;\/span&amp;gt;&amp;lt;span class=&amp;quot;NormalTextRun SCXW180822467 BCX0&amp;quot;&amp;gt;.&nbsp;&amp;lt;\/span&amp;gt;&lt;\/div&gt;\" href=\"https:\/\/crp.trb.org\/acrpwebresource18\/glossary\/predictive-analytics\/\" data-gt-translate-attributes='[{\"attribute\":\"data-cmtooltip\", \"format\":\"html\"}]' tabindex=\"0\" role=\"link\">predictive analytics<\/a>).<\/p>\n","protected":false},"author":111,"featured_media":0,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"glossary-categories":[],"glossary-tags":[],"class_list":["post-424","glossary","type-glossary","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/crp.trb.org\/acrpwebresource18\/wp-json\/wp\/v2\/glossary\/424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crp.trb.org\/acrpwebresource18\/wp-json\/wp\/v2\/glossary"}],"about":[{"href":"https:\/\/crp.trb.org\/acrpwebresource18\/wp-json\/wp\/v2\/types\/glossary"}],"author":[{"embeddable":true,"href":"https:\/\/crp.trb.org\/acrpwebresource18\/wp-json\/wp\/v2\/users\/111"}],"version-history":[{"count":0,"href":"https:\/\/crp.trb.org\/acrpwebresource18\/wp-json\/wp\/v2\/glossary\/424\/revisions"}],"wp:attachment":[{"href":"https:\/\/crp.trb.org\/acrpwebresource18\/wp-json\/wp\/v2\/media?parent=424"}],"wp:term":[{"taxonomy":"glossary-categories","embeddable":true,"href":"https:\/\/crp.trb.org\/acrpwebresource18\/wp-json\/wp\/v2\/glossary-categories?post=424"},{"taxonomy":"glossary-tags","embeddable":true,"href":"https:\/\/crp.trb.org\/acrpwebresource18\/wp-json\/wp\/v2\/glossary-tags?post=424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}