From the course: Learning Data Science: Understanding the Basics
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Comb techniques for predictive analytics
From the course: Learning Data Science: Understanding the Basics
Comb techniques for predictive analytics
- So far, everything you've seen has been about the past. You've seen how to collect different data types, then perform statistical analysis. These statistics were a starting point to greater insights. Your data science team can create correlations between certain events. Now, let's take these ideas and turn them around. We'll take your insights and flip them around to predict the future. This is typically called predictive analytics. This term is closely associated with data science. Sometimes they're even used interchangeably, but the two are not the same thing. Predictive analytics are a type of data science. Remember that data science is applying the scientific method to your data. Predictive analytics takes the results and makes it actionable. Think of it this way. Meteorology is a type of science. It studies physics, wind speed, and the atmosphere. If you're outside with a meteorologist, they'll show you how the clouds look a certain way and how the pressure determines their…
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