What is the primary purpose of predictive analysis in a business context?
Predictive analysis leverages both historical and real-time data to predict future events, helping businesses anticipate changes in demand, optimize resources, and make strategic decisions. Techniques like regression analysis, time series forecasting, and machine learning models are employed to analyze patterns and forecast outcomes with varying levels of probability. This process is critical in industries like finance, healthcare, and retail, where understanding potential trends can lead to competitive advantages and risk mitigation. Option A is incorrect as it focuses solely on past data without the forward-looking approach of predictive analysis. Option C is incorrect as customer categorization is typically part of segmentation, not predictive analysis. Option D is incorrect because analyzing past financial performance doesn’t involve forecasting future trends. Option E is incorrect because visualizing data aids comprehension but doesn’t directly relate to forecasting.
Which aspect does the vertical section in a Mould Board Plough primarily allow adjustment for?
In dry milling process prior to treatment with oil, in pulse the following operation is done
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Which of the following tillage equipment, is a secondary tillage equipment?
What is the order of distance for interatomic forces to be active?
Sex chromosomes are chromosomes that carry the genes that determine the sex of an individual. Sex Chromosomes are also known as:-
RT-46 is a variety of which crop?
“As we increase the production of one good, the opportunity cost to produce the additional good will also increase”, this is stated in
A mutation which kills 50% of the individuals that carry the mutation is referred to as
Which of the following is not matched correctly?