Business Analytics, Volume II

CHAPTER 6

Key Predictive Analytics Models (Predicting Future Business Outcomes Using Analytic Models)

Chapter Highlights

• •Key Predictive Analytics Models and Their Brief Description and Applications
• •Regression Models
• •Forecasting Models
• •Analysis of Variance (ANOVA)
• •Data Mining
• •Simple Regression, Multiple Regression, Nonlinear Regression
• •Forecasting Models
• •Summary

Key Predictive Analytics Models and Their Description and Applications

This chapter explains the key models used in predictive modeling. The details of the models along with applications are presented in detail. Figure 6.1 outlines the tools. Table 6.1 provides brief explanation and application areas.

Figure 6.1 Predictive modeling tools

Table 6.1 Predictive analytics, questions ...