Predictive Modeling Applications
Predictive modeling is a technique used to predict future events or behaviors. It can be seen as a form of data mining that works by analysing historical and current data. In predictive modeling, data is collected, predictions are made, and the model is updated as additional data becomes available over time.
Benefits of predictive modeling
Here are some of the business applications through which you can harness the power of predictive modeling.
Forecast future demand