Predictive analytics can identify patterns and relationships in the data that allow decision makers to forecast a behavior or action between independent indicator variables and a dependent variable of interest.

Question

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Predictive analytics uses statistical techniques and algorithms to analyze historical data, identifying patterns and relationships between variables. This analysis helps forecast future behaviors, trends, or outcomes by examining the relationship between independent (predictor) variables and a dependent (outcome) variable of interest, enabling decision-makers to make informed predictions.

Predictive Analytics Can Identify Patterns and Relationships in the Data