My Account
Forward Thinking Logo

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

Decision Networks

Decision networks, also known as Probabilistic Graphical Models, are a type of AI model that represents uncertain knowledge using a graph structure. Decision Networks…

Artificial Neural Network

Artificial Neural Networks are computational models inspired by the human brain’s structure and function. They consist of interconnected nodes that process and transmit data,…

Federated Learning

Federated Learning is a privacy-preserving technique where AI models are trained across multiple decentralised devices or systems without sharing raw data. Instead, only aggregated…

Supervised Learning

Supervised Learning is a Machine Learning approach where models are trained using labelled data, with both input and output pairs. By learning from the…
Back to Glossary