O'Reilly logo

Practical Predictive Analytics by Ralph Winters

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

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.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required