Predictive Analytics

6 types of regressions, did you know?

Regression is a branch of statistics that has a major applicability in predictive analytics. Regression analysis is used to measure the relationship between a dependent variable with one or more predictor variables. The goal of regression analysis is to predict

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What is the Force Behind Fintech Revolution

Private lives of people and businesses have become highly digitalized these days. This is increasing the need for flexible digital financial services such as banking, investments, payments, transfers and insurance by customers globally. As a result, financial companies have realized

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How analytics can be used in train delay prediction system

Train delay prediction systems have been used since a long time. These systems are static and are operated with human assistance. Most of these systems do not consider historical train journey data collected from various information sources. As a result,

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What makes “The Weather Channel” the best forecaster in the world

The Weather Company, an IBM Business was named as the most accurate forecaster by ForecastWatch in 2016. ForecastWatch evaluated eleven different providers and analyzed more than 139.3 million forecasts in three different geographic regions namely the US, Europe, and Asia-Pacific.

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How Predictive Analytics Can Revolutionize Healthcare Industry

The global healthcare industry has evinced a strong interest in analytics to reduce cost, manage resources and improve patient care. Analytics plays a pivotal role in understanding data, analyzing trends and make informed business decisions. The whitepaper offers a detailed analysis

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How analytics is helping CPG companies drive growth

Consumer packaged companies (CPG) are grappling with a lot of challenges owing to economic uncertainty, price consciousness, changing demographics, rise of discounters coupled with fast-changing retail needs. The growth of leading CPG players is stagnant and there is a fierce

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How to choose the right forecasting method

Forecasting is used in almost every area of business today. It is an essential tool for managing an organization of any size. In business meetings and conferences executives often hear about forecasts for the next quarter or year from their

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