Predictive Modeling

Predictive modelling is the process that has been using in Data science to forecast outcomes.

Predictive Modeling/analytics aggregate and processes huge amounts of historical data and use Machine learning / computational knowledge and power to assess what happened in the past, and then provide an estimate of what will happen in the future. Predictive analytics uses predictors or known features to create predictive models that will be used in obtaining an output.

Check the flowchart of Predictive Modeling

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