What is predictive analysis?

[Rakodoo]

Predictive analytics is a form of advanced analytics that uses both new and historical data to forecast future activity, behavior and trends. It involves applying statistical analysis techniques, analytical queries and automated machine learning algorithms to data sets to create predictive models that place a numerical value, or score, on the likelihood of a particular event happening.

 

[BarryJones]

I'm sure you've probably heard of Predictive Analytics. This is a very interesting article about which I want to share with you https://www.sam-solutions.com/blog/examples-of-predictive-analytics/ . I am sure that it will open your eyes to some things and you will learn a lot of new things for yourself. I wish you a good reading because I am sure that you will be very interested because it was interesting for me.

 

[chris26]

Predictive analytics are only as good as the information that people input and are not always right. They do estimations on what information is input then make estimate of future results. They have used this in stock market and sometimes they loose billions.

 

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