What kind of analysis uses data mining techniques to predict future outcomes? 🔊
Predictive analysis employs data mining techniques to forecast future outcomes based on historical data patterns. This analytical approach identifies trends and correlations within datasets, allowing organizations to make informed decisions. By leveraging machine learning algorithms and statistical methods, predictive analytics can be applied across various sectors, such as marketing, finance, and healthcare, enabling proactive strategies that enhance efficiency, risk management, and customer satisfaction.
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