Logo
Home Study Material Contact Search
AI Chat FREE
  1. sciences
  2. physics
  3. predictive analytics in business is an important a

Predictive analytics in business is an important application of multiple regression analysis. Generally speaking, what is...

50.1K

Verified Solution

Question

Physics

Predictive analytics in business is an important application ofmultiple regression analysis. Generally speaking, what is meant bypredictive analytics? As a business owner, how could you useregression analysis and predictive analytics to increase yourcompany's sales?

Answer & Explanation Solved by verified expert
3.9 Ratings (435 Votes)
Predictive analytics Predictive analytics is an area of statistics that deals with extracting information from data and using it to predict trends and behavior patterns In Predictive analytics we captur relationships between explanatory variables and the predicted variables from past occurrencesand exploiting them to predict the unknown outcome Often the unknown event of    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

As a new migrant, Lisa is currently considering to buy a bottle shop which will be...

Statistics
1.2K views

1. Let  z be a normal random variable with mean 0 and standard deviation 1. What is...

Biology
1.2K views

Which insect mechanisms do you find most fascinating for either parasitizing or eating other organisms? Why?...

Physics
1.2K views

5 31 A ray of light travels in the way as shown in th figure...

Statistics
1.2K views

Question 30 Determine the number of outcomes in the event Then decide whether the event...

Calculus
1.2K views

Solve the following basic calculus problems d a dx e cos x

Accounting
1.2K views

Enter the following on the answer sheet: the section of the worksheet used, the amount...

Accounting
1.2K views

Kenneth's Music is a store that buys and sells musical instruments and uses a perpetual...

Accounting
1.2K views

5 Exercise 8-14A (Algo) Calculating and explaining labor price and usage variances LO 8-6 5...

Accounting
1.2K views

35 3 Answer (4). A corporation records a $7,000 unrealized gain due to an increase...

Accounting
1.2K views

total quality management Select a product or service and compare how the dimensions of...

Accounting
1.2K views

Which IFRS standard requires that the cost and thus the value) of the products in...