Predictive Modelling in Analytics

Predictive Analytics modelling is the process of creating, testing and validating a model to attempt the prediction of the probability of an outcome. A number of modeling methods from machine learning, artificial intelligence, and statistics are available in predictive analytics software solutions for this task. The model is chosen on the basis of testing, validation and …

Data Mining within the Predictive Analytics Proces

The proper use of the term data mining is data discovery. However, the term is used commonly for collection, extraction, warehousing, analysis, statistics, artificial intelligence, machine learning, and business intelligence. Statistics provide sufficient tools for data analysis and machine learning deals with the different learning methodologies. Before any data can be mined it needs to be …

The Predictive Analytics Process

I am certainly not an expert  in this field, but I know a good thing when I see it. Predictive analytics is the branch of advanced analytics which is used to make predictions about unknown future events. Predictive analytics brings together a vast array of tools and techniques to analyse current data to make predictions …