What is Predictive Analytics?

Skill Level:

Predictive Analytics uses historical data and statistical modelling techniques to make predictions about future outcomes. By analysing patterns and trends within data, businesses can gain valuable insights and make informed decisions. Predictive analytics helps organisations optimise operations, anticipate customer behaviour, and drive growth.

Other Definitions

An algorithm is a set of rules and instructions that guide AI systems in solving problems or making decisions. Algorithms process data, analyse patterns,…
Uncertainty in AI refers to the unpredictability or lack of full knowledge about a situation or outcome. AI models often encounter uncertainties due to…
Clustering in AI refers to the process of grouping similar data points together based on their inherent characteristics or attributes. By identifying patterns or…
A Large Language Model refers to a type of advanced Artificial Intelligence model designed to exhibit human-like language understanding and generation abilities. LLMs are…