Category Archives: Multiple linear regression

What is Predictive Analytics?

Posted on August 20, 2013 by

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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How Does MLR, the Simplest Predictive Analytics Method, Work?

Posted on August 8, 2013 by

MLR or Multiple Linear Regression, works by optimally combining all the predictor variables into a simple ‘weighted linear combination’. All that means is that we say our prediction (eg the chance a customer is going to switch away from you) … Continue reading →

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

Posted on August 6, 2013 by

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