Review on Latest Trends and Techniques in Predictive Analytics

Abstract: Predictive analytics is a term mainly used in statistical and analytics techniques to detect the relationships and patterns in data in order to predict the future by analyzing the past and taking better preventive decisions. This term is drawn from statistics, machine learning, database techniques and optimization techniques. The most benefits of using predictive analytics are it reduces and prevent risk, save time, cost and better management of resources in addition to the ability to take better strategic decisions based on fact not on intuition. This review paper discusses the overview of the researches done in this area. The benefit of implementing this technique would be that making business orientated decisions in a respective domain of data.