What is the role of machine learning in predictive analytics? 🔊
The role of machine learning in predictive analytics is to analyze historical data to identify patterns and make predictions about future outcomes. Machine learning algorithms can process vast amounts of data more efficiently than traditional methods. This capability allows businesses to forecast trends, customer behaviors, and operational challenges with higher accuracy. By leveraging models such as regression, classification, and clustering, organizations can gain actionable insights and make informed strategic decisions that drive growth.
Equestions.com Team – Verified by subject-matter experts