Case Study 3 – Predictive Analytics
This chapter introduces you to predictive analytics, which is yet another area where synthetic data has been used recently. Furthermore, you will explore the key disadvantages of real data-based solutions. The discussion will be enriched by providing examples from the industry. Following this, you will comprehend and clearly identify the benefits of employing synthetic data in the predictive analytics domain.
In this chapter, we will cover the following main topics:
- What is predictive analytics?
- Predictive analytics issues with real data
- Case studies of utilizing synthetic data for predictive analytics
