In this video, I answer the question, what is Predictive Analytics?

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Descriptive Analytics harnesses existing data to describe what has already happened.

Prescriptive Analytics aims for ‘certainty’ in choosing what course of action we should take, using simulations, mathematical models, and machine learning.

Predictive analytics is an approach to figuring out what is likely to happen in the future. It uses statistical data and modeling to provide probabilistic estimates.

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⏱ Chapter Markers...
00:00 - What is Predictive Analytics?
00:11 - Simple definition of Predictive Analytics
00:25 - Comparisons with Descriptive Analytics and Prescriptive Analytics
01:57 - Going deeper on Predictive Analytics
02:39 - Users of Predictive Analytics
03:54 - Predictive Analytics in Project Management
06:47 - Summing-up Predictive Analytics

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