What are some real-world applications of predictive analytics in business?
Predictive analytics is widely used in business for customer behavior forecasting, fraud detection, inventory management, and targeted marketing. For example, e-commerce platforms use it to recommend products, while banks use it to detect suspicious transactions. It also helps in supply chain optimization and employee attrition prediction. Taking an Online course data analyticscan help you understand these applications with hands-on projects and real-world case studies, preparing you to apply predictive models effectively in various industries.
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