Predictive Analysis is used to make predictions about unknown future events. Predictive analytics uses data mining, statistics, modeling, machine learning, and artificial intelligence to analyze current data to make predictions about future.Predictive analytics is the preparation of extracting information from existing data sets. This is to determine patterns and predict future outcomes and trends. Predictive analytics does not tell you what will happen in the future. It forecasts what might happen in the future with an acceptable level of reliability, and includes what-if scenarios and risk assessment.
Predictive models and analysis are typically used to forecast future probabilities. Applied to business, predictive models are used to analyze current data and historical facts in order to better understand customers, products and partners and to identify potential risks and opportunities for a company.
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