By far, the safest prediction about the business future of predictive analytics is that more thought and effort will go into prediction than analytics. That’s bad news and worse management. Grasping the analytic “hows” and “whys” matters more than the promise of prediction. In the good old days, of course, …
Read More »A Predictive Analytics Primer
No one has the ability to capture and analyze data from the future. However, there is a way to predict the future using data from the past. It’s called predictive analytics, and organizations do it every day. Has your company, for example, developed a customer lifetime value (CLTV) measure? That’s …
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