What is an example of predictive modeling?
Examples include using neural networks to predict which winery a glass of wine originated from or bagged decision trees for predicting the credit rating of a borrower. Predictive modeling is often performed using curve and surface fitting, time series regression, or machine learning approaches.
What is predictive modeling techniques?
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.