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Predictive analytics and predictive modeling

Assignment Help Basic Computer Science
Reference no: EM132455457

Topic: Predictive Analytics and Predictive Modeling

Overview: Predictive analytics looks forward to attempt to divine unknown future events or actions based on data mining, statistics, modeling, deep learning and artificial intelligence, and machine learning. Business Intelligence, its predecessor in analytics, is a look backward. Predictive models are applied to business activities to better understand customers, with the goal of predicting buying patterns, potential risks, and likely opportunities.

Each industry and business sector deploys predictive analytics in different ways to improve operations and reduce risk. Please select one industry from the list in the rubric and present a use case for applying predictive analytics and predictive modeling.

Retail

Healthcare

Sports

Weather

Insurance

Energy

Social Media

Financial Services

Reference no: EM132455457

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