What technology underlies the concept of predictive analytics? 🔊
The technology underlying the concept of predictive analytics relies on advanced algorithms and statistical models. These technologies analyze historical and current data to identify patterns, trends, and relationships, enabling organizations to make forecasts about future events or behaviors. Key techniques used in predictive analytics include machine learning, data mining, and regression analysis. By harnessing these technologies, businesses can gain valuable insights, optimize decision-making processes, and improve operational efficiency across various domains.
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