Word of the Day: Tech Definitions from WhatIs.com

Nov 18 2016   9:21PM GMT

predictive modeling

Margaret Rouse Margaret Rouse Profile: Margaret Rouse

Tags:
CRM
Predictive Analytics
predictive modeling

Predictive modeling is a process that uses data mining and probability to forecast outcomes. Continued…

Quote of the Day

“In looking to unleash effective and speedy predictive modeling techniques in an organization, bringing a standard business intelligence mindset to the process won’t cut it.” – Mike Lampa

Learning Center
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Predictive modeling and forecasting this election cycle failed to see the Drumpf phenomenon coming and missed the mark by a mile in their predictions.

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Businesses can’t let data scientists get bogged down in academic predictive modeling techniques. If the process doesn’t pay off, it’s time to reevaluate priorities.

Big data analytics projects raise stakes for predictive models
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Talking Data podcast: Predictive modeling techniques
This edition of Talking Data examines the finer points of predictive modeling techniques.

Building predictive analytics models takes a team effort
Analytics managers say data scientists should put algorithms through the wringer when building predictive analytics models to ensure that the models deliver valid results.

Related Terms
predictive analytics
data mining
CRM
capacity planning
change management

Related Tags
Data modeling tools and techniques
Predictive analytics

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