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What is Predictive Analytics?

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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

Natural Language Generation (NLG)

Natural Language Generation is an AI technique that converts structured data into human-like text. NLG systems use Machine Learning algorithms to understand the data…

Hyperparameters

Hyperparameters are parameters that are set before the training of an AI model. They control the behaviour and performance of the model, such as…

Decision Networks

Decision networks, also known as Probabilistic Graphical Models, are a type of AI model that represents uncertain knowledge using a graph structure. Decision Networks…

Bias in Artificial Intelligence

Bias in AI refers to systematic errors or prejudices that can occur within AI systems due to biased training data, faulty algorithms, or human…
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