Chapter 1. Getting Started with Predictive Modelling
Predictive modelling is an art; its a science of unearthing the story impregnated into silos of data. This chapter introduces the scope and application of predictive modelling and shows a glimpse of what could be achieved with it, by giving some real-life examples.
In this chapter, we will cover the following topics in detail:
- Introducing predictive modelling
- Applications and examples of predictive modelling
- Installing and downloading Python and its packages
- Working with different IDEs for Python
Introducing predictive modelling
Did you know that Facebook users around the world share 2,460,000 pieces of content every minute of the day? Did you know that 72-hours worth of new video content is uploaded on YouTube in the same time and, brace yourself, did you know that everyday around 2.5 exabytes (10^18) of data is created by us humans? To give you a perspective on how much data that is, you will need a million 1 TB (1000 GB) hard disk...