What does the term "predictive analytics" refer to in business intelligence? 🔊
The term "predictive analytics" in business intelligence refers to the use of statistical algorithms and machine learning techniques to identify patterns and forecast future outcomes based on historical data. Organizations leverage predictive analytics to make informed decisions, optimize operations, and improve customer experiences. Common applications include sales forecasting, risk assessment, and customer behavior analysis, enabling businesses to anticipate trends and stay competitive in the market.
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