Predictive Analytics significantly reduces the cost for the companies in finding forecast business outcomes, environmental factors, competition in the market, etc..
Here are a few of the ways how predictive modeling benefits us:
- Demand forecasting
- Workforce planning and churn analysis
- Forecasting of external factors
- Analysis of competitors
- Fleet or equipment maintenance
- Modeling credit or other financial risks
If you are interested to learn Predictive Analytics, I suggest these Data Analytics Certification and Data Science online courses by Intellipaat.
Also, watch this video on Predictive Analysis using Python to get started:
Back