Competitive Intelligence

Tactical, Operational & Strategic Analysis of Markets, Competitors & Industries

Predicitve Analytics

Information

Predicitve Analytics

Predictive analysis is a type of data mining which deals with forecasting of trends, pattern and probabilities.

Location: Zurich
Members: 9
Latest Activity: Feb 3, 2017

Predictive analytics is an area of statistical analysis that deals with extracting information from data and using it to predict future trends and behavior patterns. The core of predictive analytics relies on capturing relationships between explanatory variables and the predicted variables from past occurrences, and exploiting it to predict future outcomes. It is important to note, however, that the accuracy and usability of results will depend greatly on the level of data analysis and the quality of assumptions.

 

There are many uses for predictive analytics. Also, it is applied in many areas. It can be applied in societies, organizations, governments, enterprises and individually, too. Always, enterprises are under pressure, more so in today’s competitive market place, to predict what is going to be their future, their competitor’s future and their customer’s future.

Discussion Forum

This group does not have any discussions yet.

Comment Wall

Comment

You need to be a member of Predicitve Analytics to add comments!

Comment by Arjun Gupta on May 21, 2011 at 2:42am

Hi Juhl,

 

(Pattern recognition, link analysis) predictive analysis technology is constantly transforming and improvising in anticipation of client needs.

 

But what are the new challenges?

 

 

Members (9)

 
 
 

Free Intel Collab Webinars

You might be interested in the next few IntelCollab webinars:

RECONVERGE Network Calendar of Events

© 2024   Created by Arik Johnson.   Powered by

Badges  |  Report an Issue  |  Terms of Service