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Question: 1 / 875

Which of the following describes predictive analytics?

Collecting past data without analysis

Using creative techniques to analyze only current data

Analyzing historical facts to make predictions about future events

Predictive analytics is fundamentally about utilizing historical data to forecast future trends and behaviors. By analyzing past events and patterns, predictive analytics enables organizations and individuals to make informed decisions about what might happen in the future. This process typically involves identifying significant variables from historical data and applying various statistical and machine learning techniques to understand how these variables interact and influence outcomes.

The choice that describes predictive analytics accurately emphasizes the importance of historical data analysis in making predictions about future events. This approach can be critical for businesses or governmental entities, as it helps them anticipate needs, mitigate risks, and allocate resources more effectively based on data-driven insights.

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Only applying statistical methods to current data

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