Predictive Analytics Pronunciation: /prɪˈdɪk.tɪv əˈnæl.ɪ.tɪks/ (pri-DIK-tiv uh-NAL-ih-tiks) Part of Speech: Noun
Definition: A branch of data analysis that uses statistical methods, algorithms, and machine learning techniques to analyze current and historical data in order to make predictions about future events or trends. Predictive analytics is widely used in business, healthcare, finance, and other fields to forecast outcomes and inform decision-making.
Example: Retail companies use predictive analytics to anticipate customer buying behavior and optimize inventory levels.