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Predictive Analytics Presentation

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91 views9 pages

Predictive Analytics Presentation

Uploaded by

chaurasiagarvita
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Predictive Analytics: An Overview

Understanding the Methods,


Applications, and Impact
What is Predictive Analytics?
• Predictive analytics is a branch of advanced
analytics used to predict future outcomes
based on historical data.
• It utilizes statistical algorithms, machine
learning, and data mining techniques.
• Key components: Data, Algorithms, Modeling,
Validation.
Process of Predictive Analytics
• 1. Data Collection
• 2. Data Cleaning & Preparation
• 3. Exploratory Data Analysis (EDA)
• 4. Feature Engineering
• 5. Model Selection
• 6. Training and Testing
• 7. Validation & Deployment
• 8. Monitoring
Advanced Techniques in Predictive
Analytics
• 1. Deep Learning
• 2. Ensemble Methods
• 3. Natural Language Processing (NLP)
• 4. Anomaly Detection
Common Predictive Analytics
Algorithms
• 1. Linear & Logistic Regression
• 2. Decision Trees & Random Forests
• 3. Support Vector Machines (SVMs)
• 4. K-Means Clustering
• 5. Time Series Forecasting (ARIMA,
Exponential Smoothing)
Tools for Predictive Analytics
• 1. Python & R (with libraries like Scikit-learn,
TensorFlow)
• 2. SAS & IBM SPSS
• 3. H2O.ai & RapidMiner
• 4. Microsoft Azure Machine Learning
• 5. Amazon SageMaker
Predictive Analytics in Industries
• 1. Retail: Demand forecasting,
recommendation engines
• 2. Finance: Credit scoring, fraud detection
• 3. Healthcare: Disease prediction,
personalized medicine
• 4. Manufacturing: Predictive maintenance,
supply chain optimization
• 5. Telecommunications: Customer churn
prediction
• 6. Energy: Demand forecasting, equipment
Ethical Considerations in Predictive
Analytics
• 1. Bias in Data
• 2. Data Privacy
• 3. Transparency (Explainable AI)
Future Trends in Predictive
Analytics
• 1. AI and Automation
• 2. Real-Time Predictive Analytics
• 3. Edge Analytics with IoT
• 4. Explainable AI (XAI)

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