predictive analytics JUST WRITTEN FOR YOU
/prɪˌdɪktɪv ˌænəlɪtɪks/ · pre dic tive an a lyt ics
noun
- The use of statistical models and machine learning algorithms to forecast future events or behaviors, often used in business, economics, and finance to inform decision-making. The company used predictive analytics to forecast sales and adjust their marketing strategy accordingly.
- A field of study that focuses on the development and application of statistical models and machine learning algorithms to predict future outcomes. The university's data science program offered a course on predictive analytics, which covered topics such as regression analysis and neural networks.
Synonyms
Antonyms
Did you know? The term 'predictive analytics' was first used in the 1990s by a team of researchers at the University of California, Berkeley, who developed a system for predicting stock prices using machine learning algorithms.