FUNDAMENTALS OF COMPUTER

Detailed explanation-1: -Predictive analytics models may be able to identify correlations between sensor readings. For example, if the temperature reading on a machine correlates to the length of time it runs on high power, those two combined readings may put the machine at risk of downtime.

Detailed explanation-2: -Predictive modeling is a commonly used statistical technique to predict future behavior. Predictive modeling solutions are a form of data-mining technology that works by analyzing historical and current data and generating a model to help predict future outcomes.

Detailed explanation-3: -What Is Predictive Analytics? The term predictive analytics refers to the use of statistics and modeling techniques to make predictions about future outcomes and performance.

Detailed explanation-4: -Predictive analytics are used to determine customer responses or purchases, as well as promote cross-sell opportunities. Predictive models help businesses attract, retain and grow their most profitable customers. Improving operations. Many companies use predictive models to forecast inventory and manage resources.