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Practical Predictive Analytics
book

Practical Predictive Analytics

by Ralph Winters
June 2017
Beginner to intermediate content levelBeginner to intermediate
576 pages
15h 22m
English
Packt Publishing
Content preview from Practical Predictive Analytics

Simulation

Simulation is a tool which can demonstrate what-ifs. This technique is very useful if there is not a lot of historical data to go by, and you need to make assumptions about the behavior of some of your variables. Typically, you do not have a lot of data at this point, so you are really constructing your own data, based upon how you think it will behave.

In the later sections of the book, I will use simulation techniques heavily to illustrate this.

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Publisher Resources

ISBN: 9781785886188Supplemental Content