Prediction
Prediction is the process of using statistical algorithms and machine learning models to analyze historical data and make informed guesses about future events or trends. Predictive models are trained on historical data to identify patterns and relationships between variables, and then used to make predictions about future outcomes. These models can be used to forecast everything from stock prices and weather patterns to customer behavior and equipment failures. Predictive analytics is a subset of data analytics that focuses specifically on using data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.
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