October 2016
Beginner to intermediate
456 pages
11h 17m
English
book
Predictive Analytics For Dummies, 2nd Edition
by Dr. Anasse Bari, Dr. Mohamed Chaouchi, Dr. Tommy Jung
Content preview from Predictive Analytics For Dummies, 2nd Edition
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Chapter 5
Applying Models
IN THIS CHAPTER
Understanding models
Categorizing models
Introducing the benefits of models
Highlighting relevant case studies and related domains to predictive analytics
Big data is like an engine that drives our lives. It includes everything about us. Predictive analytics can use big data to foresee our future moves and make predictions about our likely actions — especially when we're someone's prospective customers. Hypothetically, a predictive analytics model can know when you're asleep and can predict the time you'll wake up.
Companies are capturing and storing information at every opportunity. They store every purchase you make, every online search you do, every website you visit, and your preferences. Everything is closely monitored and analyzed. This has become the new norm in our lives. Your doctor, your employer, your next-door grocer will be all analyzing data about you soon, if they aren't already.
The rule for using all this data is clear: Whichever company can accurately find patterns in your data, analyze them, and use them effectively, will profit from it.
So what are some of the business implications of using predictive analytics on big data? And how can businesses or organizations make profit or make their own success stories from your data? For that matter, how can you do the same? To clarify that picture, this chapter introduces different ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.