Which types of analytics are supported by OAC?

The reason the chosen answer is correct lies in the comprehensive capabilities of Oracle Analytics Cloud (OAC). OAC supports a full spectrum of analytics, which includes descriptive, diagnostic, predictive, and prescriptive analytics.

Descriptive analytics focuses on summarizing historical data to understand what has happened in the past. This is complemented by diagnostic analytics that goes further to interpret data and inquire about causes behind past performance. Predictive analytics is utilized to forecast future trends based on historical data and statistical algorithms, while prescriptive analytics provides recommendations for actions to optimize outcomes based on the analysis.

By offering all four types of analytics, OAC enables organizations to not only understand their data comprehensively but also to derive actionable insights and make informed decisions based on past trends and future predictions. This expansive analytical capability positions OAC as a powerful tool for data-driven strategies across various business applications and sectors.