Predictive Analytics
Predictive analytics is the use of statistical algorithms, machine learning techniques, and data mining methods to analyze historical data and make predictions about future events or trends. It involves the application of advanced analytical methods to large datasets to identify patterns and relationships that can be used to forecast future outcomes. Predictive analytics is used in a variety of industries, including finance, healthcare, marketing, and manufacturing, to make informed decisions and improve business performance. It can be used to identify potential risks and opportunities, optimize business processes, and improve customer satisfaction. Predictive analytics relies on a combination of data, statistical models, and machine learning algorithms to generate accurate predictions.
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