The use of data to forecast future trends and occurrences is known as predictive analytics. It forecasts possible outcomes using past data, which can influence strategic choices.Using data from the past and present, predictive analytics calculates a likely result.Neural networks, regression, and decision trees are common predictive models. Decision-making, risk management, and operational effectiveness are all enhanced by predictive analytics.Predictive analytics uses a variety of methods from statistics, data analytics, artificial intelligence (AI), and machine learning to predict future outcomes. Demand forecasting, customer behavior prediction, and fraud detection are a few typical business applications.
