What is Predictive Data Modeling?
Predictive modeling is a statistical technique that can predict future outcomes with the help of historical data and machine learning tools. Predictive models make assumptions based on the current situation and past events to show the desired output.
Predictive analytics models can predict anything based on credit history and earnings, whether a TV show rating or the customer’s next purchase. If the new data shows the current changes in the existing situation, the predictive models also recalculate the future outcomes.
