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Prescriptive Analytics Tools

2 years ago Category:

Prescriptive Analytics Tools

While Predictive Analytics techniques are mostly based on Artificial Neural Networks (ANN) and Autoregressive Moving Average (ARIMA), a model that applies the data from the past to model the current data and predict the future; Prescriptive Analytics goes further into future and tries to recommend steps to be taken to achieve the desired objective by using techniques like recommendation engines, graph analysis and complex event processing.

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