Predictive Analytics with AI and Statistics
Predictive Analytics with AI and Statistics Predictive analytics blends statistics and AI to forecast what may happen next. Good statistics helps us understand past data, quantify uncertainty, and test ideas. AI, with its flexible models, can learn patterns that are hard to spell out in plain rules. When combined, they support decisions in sales, operations, and risk management. Focus on a clear question, quality data, and honest evaluation. Start with a simple model to establish a baseline, then add features or switch to more advanced methods if needed. Always guard against data leakage, overfitting, and biased data that could skew predictions. Keep results interpretable so stakeholders can trust the numbers. ...