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PREDICTIVE ANALYTICS#1

A branch of advanced analytics that uses historical data to predict future outcomes, helping in decision-making.

MACHINE LEARNING#2

A subset of artificial intelligence where algorithms learn from data to make predictions or decisions without explicit programming.

PYTHON#3

A versatile programming language widely used in data science for its simplicity and extensive libraries.

DATA VISUALIZATION#4

The graphical representation of information and data to communicate insights clearly and effectively.

FEATURE ENGINEERING#5

The process of selecting and transforming variables to improve model performance in machine learning.

EXPLORATORY DATA ANALYSIS (EDA)#6

An approach to analyzing data sets to summarize their main characteristics, often using visual methods.

CROSS-VALIDATION#7

A technique for assessing how the results of a statistical analysis will generalize to an independent dataset.

HYPERPARAMETERS#8

Parameters whose values are set before the learning process begins, affecting the model's performance.

SCIKIT-LEARN#9

A popular Python library for machine learning that provides simple and efficient tools for data analysis.

DATA CLEANING#10

The process of correcting or removing inaccurate records from a dataset to ensure data quality.

OUTLIER DETECTION#11

The identification of data points that differ significantly from the majority of the data, which may indicate errors or variability.

VALIDATION DATASET#12

A subset of data used to assess the performance of a model during training, ensuring it generalizes well.

MODEL TUNING#13

The process of adjusting model parameters to improve its performance on a given dataset.

CORRELATION ANALYSIS#14

A method used to evaluate the strength and direction of relationships between two variables.

DATASET#15

A collection of data, typically organized in a structured format, used for analysis and modeling.

PANDAS#16

A Python library that provides data structures and tools for data manipulation and analysis.

NUMPY#17

A fundamental package for scientific computing in Python, providing support for large, multi-dimensional arrays.

EVALUATION METRICS#18

Quantitative measures used to assess the performance of a predictive model.

VISUALIZATION TOOLS#19

Software or libraries used to create graphical representations of data, enhancing interpretability.

ACTIONABLE INSIGHTS#20

Conclusions drawn from data analysis that can directly inform decision-making and strategy.

DATA PREPARATION#21

The process of cleaning and transforming raw data into a format suitable for analysis.

STOCHASTIC PROCESSES#22

Processes that involve randomness and unpredictability, often used in predictive modeling.

ANOMALY DETECTION#23

The identification of rare items, events, or observations that raise suspicions by differing significantly from the majority.

TIME SERIES ANALYSIS#24

A statistical technique that deals with time-ordered data points to identify trends and patterns.

DATA DRIVEN DECISION MAKING#25

The practice of basing decisions on data analysis rather than intuition or observation.