Predictive Modeling
Subject: Management | Topics:

Predictive modeling is usually a process used inside predictive analytics to make a statistical model of future behavior. Predictive analytics is the area of data mining interested in forecasting probabilities along with trends. Predictive modeling harnesses statistics to estimate outcomes. Most often case one wants for you to predict is in the future, but predictive modelling may be applied to any type of unknown event, in spite of when it happened.

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