What is Predictive Analytics?

Skill Level:

Predictive Analytics uses historical data and statistical modelling techniques to make predictions about future outcomes. By analysing patterns and trends within data, businesses can gain valuable insights and make informed decisions. Predictive analytics helps organisations optimise operations, anticipate customer behaviour, and drive growth.

Other Definitions

The Zeroth Law of Robotics is a fictional concept introduced by science fiction author Isaac Asimov. It suggests that a robot’s actions should not…
One-Shot learning is an AI approach that enables models to learn from only one or a few examples. This approach is advantageous in tasks…
Decision Trees are Machine Learning models that use a branching structure to make decisions or predictions. By determining the most important features and creating…
Feature Extraction refers to the process of identifying and selecting the most relevant features from raw data to enhance AI model performance. By extracting…