Predictive analytics forecasts future trends from "summary" of Data Science For Dummies by Lillian Pierson
Predictive analytics is a powerful tool that helps organizations forecast future trends. By analyzing historical data and identifying patterns, predictive analytics can provide valuable insights into what might happen in the future. This allows businesses to make informed decisions and plan strategies accordingly.
To use predictive analytics effectively, data scientists employ various statistical techniques and machine learning algorithms. These tools help them uncover hidden patterns in data and create models that can predict future outcomes. By feeding these models with relevant data, organizations can obtain ...
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