Explain PREDICTIVE ANALYTICS: The analysis of data to predict future events, typically to aid in business planning. This incorporates predictive modeling and other techniques. Machine learning might be considered a set of algorithms to help implement predictive analytics. The more business-oriented spin of “predictive analytics” makes it a popular buzz phrase in marketing literature. See also predictive modeling, machine learning, SPSS.
Different definitions in web development like predictive analytics in Dictionary P.
- Manual Predictive Modeling:
- Meaning The development of statistical models to predict future events. See also predictive analytics, model predictive analytics definition.
- Manual Poisson Distribution:
- Meaning independent events, usually over a period of time or space, used to help predict the probability of an event. Like the binomial distribution, this is a discrete distribution. Named for early 19th predictive analytics explain.
- Manual Perceptron:
- Meaning simplest neural network is the perceptron, which approximates a single neuron with n binary inputs. It computes a weighted sum of its inputs and ‘fires’ if that weighted sum is zero or greater predictive analytics what is.
- Manual Posterior Distribution:
- Meaning See prior distribution predictive analytics meaning.
- Manual Prior Distribution:
- Meaning inference, we assume that the unknown quantity to be estimated has many plausible values modeled by what's called a prior distribution. Bayesian inference is then using data (that is considered predictive analytics abbreviation.
