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

Generative Adversarial Networks are a type of Machine Learning model that consists of two neural networks: a generator and a discriminator. GANs are used…
Object Detection is an AI technique that identifies and localises objects within an image or video. It involves analysing the visual data and assigning…
Uncertainty in AI refers to the unpredictability or lack of full knowledge about a situation or outcome. AI models often encounter uncertainties due to…
Recommender Systems are AI systems that provide personalised recommendations to users based on their preferences and previous behaviour. These systems analyse large amounts of…