There are four types of analytics, descriptive analytics, diagnostics analytics, predictive analytics, and prescriptive analytics. Among all four types of analytics, predictive analytics is one of the important type of analytics to predict the future based on historical data. There are many factors which impacts the dependent variable and the future trend. So, while doing … Read more
Regression is the basic concept of predictive analytics. When we say predictive analytics, it’s all about to predict the future or forecast the future. There are many types of regression exist in the world of data science or statistics like linear regression, logistic regression, ridge regression and many more. As a basic data analytics tool, … Read more
Among four types of analytics (descriptive, diagnostic, predictive and prescriptive), predictive analytics is one of the important type of analytics to predict the future data. Forecasting can be done with all the statistical tools or analytics tool like R, Python, Alteryx. As a basic analytical tool, forecasting can be done also with the help of … Read more
Logistic Regression for machine learning is a popular term in statistics, to be more specific in predictive analytics. Logistics regression is also called direct probability model or logit model in the field of statistics. It was first introduced in the year 1958 by Dr Cox, a statistician. There are many types of regression models are … Read more