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 PageRank:
- Meaning determines the importance of something, typically to rank it in a list of search results. “PageRank works by counting the number and quality of links to a page to determine a rough estimate of how predictive analytics definition.
- Manual Python:
- Meaning language available since 1994 that is popular with people doing data science. Python is noted for ease of use among beginners and great power when used by advanced users, especially when taking predictive analytics explain.
- Manual Posterior Distribution:
- Meaning See prior distribution predictive analytics what is.
- Manual Principal Component Analysis:
- Meaning simply looks at the direction with the most variance and then determines that as the first principal component. This is very similar to how regression works in that it determines the best direction predictive analytics meaning.
- Manual P Value:
- Meaning probability, under the assumption of no effect or no difference (the null hypothesis), of obtaining a result equal to or more extreme than what was actually observed.”[goodman] “It’s a measure of predictive analytics abbreviation.
