Concept:

Predictive Analytics

Select any number of buttons on the left to see varieties of data sources available for analysis.

Definition

Predictive Analytics

Using data, statistical algorithms, and machine learning to calculate the likelihood of future outcomes.

This is different from traditional analytics which focus only on what happened in the past.

"When airlines integrated predictive analytics into their flight update systems, they got much better at forecasting realistic flight times and flight statuses."

Guidebooks