Predictive Analytics
Machine learning
A branch of artificial intelligence.
Statistical Analysis System
A software suite developed for advanced analytics, business intelligence, data management, and predictive analytics.
Predictive analytics
A variety of techniques from statistics, modeling, machine learning, and data mining.
Data-driven knowledge
Approach to knowledge extraction that is based on data.
Linear Regression
Attempts to model the relationship b/t two variables by fitting a linear equation to observed data.
Neural Networks
Biologically inspired machine learning.
Factor analysis
First reduces the number of variables and second detects the structure in the relationships.
Customer Relationship Management
Involves constructing a holistic view of the customer no matter where their information resides in the company.
Drill-down analysis
Makes data smaller and smaller until the answer is found.
Cross-sell
Offering multiple products for the purpose of gathering and selling customer data.
Forecasting
Process of making statements about events whose actual outcomes have not yet been observed.
Business analytics
Refers to the skills, technology, applications, and practices for exploration of past business performance.
Business intelligence
Set of theories, methodologies, architectures, and technologies that transform raw data into meaningful information.
Text mining
analysis of multiple text documents
Trend
general course or prevailing tendency
