Predictive modeling is probably one of the most exciting fields in data analytics. It has gained a lot of attention in recent years due to massive amounts of data being available in many different verticals. It is very commonly used in areas concerning data mining to forecast future trends.
Predictive modeling is an analysis technique that is used to predict the future behavior of a system. It is a collection of algorithms that can identify the relationship between independent input variables and the target responses. We create a mathematical model, based on observations, and then use this model to estimate what's going to happen in the future.
In predictive modeling, we need to collect data with known responses to train our model. Once we create this model, we validate it using some metrics, and then use it to predict future values. We can use many different...
