Predictive Analytics

Predicting future demand or credit default are tasks that often involve analytical models. Statistical tools, data mining and game theory are used to analyze current and historical facts to make predictions about future events. Predictive models can be included in model-driven DSS.

Related Terms: analytics

from http://en.wikipedia.org/wiki/Predictive_analytics

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Copyright © 1995-2012 by D. J. Power (see his home page).
DSSResources.COM^sm is maintained by Daniel J. Power of PowerEnterprises.net. Please contact him at power@dssresources.com with questions. See disclaimer and privacy statement. This page was last modified .

DSS Home \| About Us \| Contact Us \| Site Index \| Subscribe \| What's New
	Copyright © 1995-2012 by D. J. Power (see his home page). DSSResources.COM^sm is maintained by Daniel J. Power of PowerEnterprises.net. Please contact him at power@dssresources.com with questions. See disclaimer and privacy statement. This page was last modified .