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Predictive analytics in business is an important application of multiple regression analysis. Generally speaking, what is meant by predictive analytics

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Answer:

Predictive analytics is a branch of statistics that is used to predict unknown events in the future

Step-by-step explanation:

Predictive analytics uses various tools such as data mining, predictive modelling, and machine learning for the purpose of analysing historical data to predict future outcomes.

Businesses use this method to predict rail and opportunities based on previous transactional data.

It eventually provides predictive score or probability that can be used in credit risk, marketing, healthcare, and fraud detection

User Vmeln
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