Predictive Analytics In Machine Learning

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Predictive Analytics

Predictive analytics describe the use of statistics and modeling to determine future performance based on current and historical data. 

The use of predictive analytics is a key milestone on your analytics journey — a point of confluence where classical statistical analysis meets the new world of artificial intelligence (AI). 

Predictive Analytics Process

1. Define Project

2. Data Collection

3. Data Analysis

4. Statistics

5. Modeling

6. Deployment

7. Model Monitoring

Application Of Predictive Analytics Process

1. Customer Relationship Management

2. Health Care

3. Collection Analytics

4. Cross Cell

5. Fraud Detection

6. Risk Management

7. Direct Marketing

8. UnderWriting