Applications and examples of predictive modelling
In the introductory section, data has been compared with oil. While oil has been the primary source of energy for the last couple of centuries and the legends of OPEC, Petrodollars, and Gulf Wars have set the context for the oil as a begrudged resource; the might of data needs to be demonstrated here to set the premise for the comparison. Let us glance through some examples of predictive analytics to marvel at the might of data.
LinkedIn's "People also viewed" feature
If you are a frequent LinkedIn user, you might be familiar with LinkedIn's "People also viewed" feature.
What it does?
Let's say you have searched for some person who works at a particular organization and LinkedIn throws up a list of ...