Category Archives: Machine learning

What is Predictive Analytics?

Predictive analytics is a field of business intelligence, statistics and machine learning that has emerged from academia over the last decade or two. ¬†It’s become the state-of-the-art method for analysing business data in real-time or otherwise for predictability of commercial … Continue reading

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What is Machine Learning?

Machine Learning (ML) is a class of pattern finding methods that lies at the intersection of statistics and Artificial Intelligence (AI) and,¬†algorithm-wise,¬†represents the state-of-the-art of predictive analytics. ML methods include Artificial Neural Networks (ANN), Decision Trees (DT), Clustering algorithms and … Continue reading

Posted in Artificial Neural Networks (ANN), Machine learning, Prediction verification, Predictive analytics | Leave a comment

Low-hanging Fruit of Predictive Analytics . . and Then the Rest

Most of the predictive power of predictive analytics comes after the all-important data clean-up and the application of a 1st-year uni stats method: Multiple Linear Regression (MLR). We’ll talk about what that is in another post, but for now, just … Continue reading

Posted in Data clean up, low-hanging fruit, Machine learning, Multiple linear regression, Predictive analytics, Uncategorized | Leave a comment