Tag: big data
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Predictive Modeling
Definition and Overview Predictive modeling in the context of artificial intelligence (AI) is the process of using historical data and statistical algorithms (often powered by machine learning) to build models that can forecast future outcomes or unknown events. In simpler terms, a predictive model learns patterns from past data and predicts likely future behavior or…
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Algorithm
An algorithm is a precise, step-by-step procedure for solving a problem or accomplishing a specific task in a finite number of steps. In essence, an algorithm is like a recipe or set of rules: given some input (data or initial conditions), it describes a sequence of operations that leads to a desired output or solution.…