The use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.
Predictive Analytics in cloud computing refers to the use of data, statistical algorithms, and machine learning techniques to identify the likelihood of future outcomes based on historical data.
Predictive Analytics works by using data, statistical algorithms, and machine learning techniques to predict future outcomes.
An e-commerce company, EcomShop, uses predictive analytics to forecast sales trends. They collect data on past sales, customer behavior, and market trends, and feed this into a predictive model. The model then forecasts future sales trends, allowing EcomShop to make informed business decisions and plan effectively for the future.
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