Predictive Data Analytics – Modeling and Validation

Our utmost objective in conducting various data analyses is trying to find patterns in order to predict what might happen in the future. For the stock market, researchers and professionals are conducting various tests to understand market mechanisms. In this case, many questions could be asked. What will the market index level be in the next five years? What will IBM's price range be next year? Will the market volatility increase or decrease in the future? What might be the impact if governments change their tax policies? What is the potential gain and loss if one country launches a trade war with another one? How do we predict a consumer's behavior by analyzing some related variables? Could we predict the probability that an undergraduate student will successfully graduate? Could we find an association between...