Data Science: Predictive Modelling

                What  is  Predictive Model?image2

 

                                                             Predictive Modelling

 

Predictive analytics is not only describes what’s happening, they predict what WILL happen in the future.Predictive modelling is the process of creating, testing and validating a model to best predict the probability of an out come.

 

                                                         Predictive Model Life Cycle

 

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                                                 Define Business Problem/ opportunity

 

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                                                Key metrics and data procurement

 

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                                                         Analyze and enrich the data

 

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                                                          Model building and validation

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                                                                  Model Deployment

 

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                                                                 Monitor and Improve

 

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3 thoughts on “Data Science: Predictive Modelling

  • March 25, 2017 at 10:26 am
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    Reply

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