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Predictive models can be used to optimize business outcomes from "summary" of Data Science for Business by Foster Provost,Tom Fawcett
Predictive models are powerful tools that can help businesses make better decisions by leveraging data-driven insights. By analyzing historical data, these models can identify patterns and trends that can be used to forecast future outcomes. This predictive capability allows businesses to anticipate potential challenges and opportunities, enabling them to proactively adjust their strategies and operations to achieve optimal results. One of the key benefits of using predictive models in business is the ability to optimize outcomes. By accurately predicting future events, businesses can make informed decisions that increase efficiency, reduce...
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