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

Big Data refers to large, complex datasets that cannot be easily managed or analysed with traditional data processing methods. AI techniques, such as Machine…
Cognitive Computing involves creating computer systems that can imitate human cognitive abilities, such as perception, reasoning, learning, and problem-solving. By combining AI, Machine Learning,…
Probabilistic Graphical Models is a type of statistical model used in Machine Learning and Artificial Intelligence. They represent complex relationships between variables through graphs…
Support Vector Machines (SVMs) are Machine Learning algorithms used for classification and regression tasks. SVMs create decision boundaries and maximise the margin between different…