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Predictive analytics is a branch of data analytics that uses statistical techniques, machine learning, and data modeling to predict future outcomes based on historical and current data. By leveraging techniques like regression, classification, and time series forecasting, predictive analytics answers questions like, "What is likely to happen?" It plays a critical role in various fields, such as predicting customer churn in businesses, forecasting demand in supply chains, or estimating risks in insurance underwriting. The predictive power stems from the use of algorithms that analyze patterns and trends, enabling decision-makers to anticipate future scenarios and prepare accordingly. For example, in the insurance industry, predictive analytics is used to estimate the likelihood of claims based on policyholder demographics, historical data, and external factors. By doing so, insurers can better assess risks and optimize their pricing strategies. Why Other Options are Wrong:
Consider the following statements with reference to the Peel Commission set up after the revolt of 1857:
1. It was appointed to look into the m...
The Rowlatt Act was passed in which year?
Which one of the following policies was used by the British to keep Napoleon at a distance?
Consider the following statements with reference to the establishment of the European rule in India:
1. Dupleix, governor of Pondicherry was be...
Who was the first Governor-General of independent India?
The Indian Home Rule Society was established in which year?
Who amongst the following built the Asfi Imambara?
The Jallianwala Bagh massacre took place in which year?
Who said “The National feelings run right through all the Indian class and that is why you cannot carry on against the will of the people”?
Which mountain range forms the natural border between India and China?