Advanced analytics – artificial intelligence, machine learning, and deep learning

Advanced analytics is classified as the set of analytics that requires complex statistical analysis, physics-based models, neural networks, and so on; in other words, the analytics that falls under the category of artificial intelligence (AI) for building machine learning models and predicting outcomes based on the machine models using observed data. AI-based analytics are all about learning from the observed data and eventually predicting the outcomes for the new data, or classifying the data based on the models built using the knowledge-based systems. In this section, we will primarily discuss machine learning and deep learning methods in building the AI algorithms.

Building a model

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