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Tag: machine learning techniques

Predictive Analytics

Skrevet af Thomas Grubbe Møller d. .

Predictive analytics is a type of data analysis that uses statistical algorithms and machine learning techniques to identify patterns in data and make predictions about future events.It involves analyzing current and historical data to make predictions about future events or outcomes, such as customer behavior, market trends, or risk assessment.Predictive analytics relies on data mining, machine learning, and statistical analysis to make predictions.

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Prescriptive Analytics

Skrevet af Thomas Grubbe Møller d. .

A note on Prescriptive Analytics- Prescriptive analytics is a type of data analysis that uses advanced mathematical and computational techniques to generate recommendations for action.- Prescriptive analytics combines data, statistical algorithms, and machine learning techniques to generate insights and recommendations that can help organizations make better decisions.- By providing organizations with specific recommendations for action, prescriptive analytics can help them optimize their operations, reduce costs, and improve performance

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