What is it?
Predictive analytics is the use of data and statistics to make predictions about future events.
Tech Understandability: Intermediate
Simple One-Sentence Definition
It helps businesses forecast trends and behaviors.
Analogy or Comparison
Predictive analytics is like a weather forecast. Just as a forecast predicts rain, it predicts future trends.
Why it matters?
It can help companies make better decisions, save money, and improve customer experiences.
Fun Fact
Predictive analytics can be used in various fields, including healthcare, finance, and marketing.
Related Terms
Data Mining: Data mining is the process of discovering patterns in large data sets.
Machine Learning: Machine learning is a type of artificial intelligence that allows systems to learn and improve from experience.
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