Explain PREDICTIVE MODELING: The development of statistical models to predict future events. See also predictive analytics, model.
Different definitions in web development like predictive modeling in Dictionary P.
- Manual Pivot Table:
- Meaning quickly summarize long lists of data, without requiring you to write a single formula or copy a single cell. But the most notable feature of pivot tables is that you can arrange them dynamically. Say predictive modeling.
- 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 modeling.
- 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 modeling.
- 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 modeling.
- 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 modeling.
