Practice Predictive Analytics - 13.4 | AI in Real-world Applications | AI Course Fundamental
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13.4 - Predictive Analytics

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Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define predictive analytics in your own words.

💡 Hint: Think about how past data can inform future decisions.

Question 2

Easy

Give one example of where predictive analytics might be used.

💡 Hint: Consider industries where understanding customer behavior is crucial.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is predictive analytics primarily used for?

  • Predicting the past
  • Forecasting future events
  • Analyzing current events

💡 Hint: Think about the word 'predictive'.

Question 2

True or False: Predictive analytics can only be applied in financial sectors.

  • True
  • False

💡 Hint: Consider all industries that deal with data.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A retail company analyzes customer purchase histories and notices specific customers tend to buy certain products before holidays. How can predictive analytics help the company in preparing for seasonal sales?

💡 Hint: Think about how data helps in planning sales events.

Question 2

A manufacturing plant is experiencing unexpected equipment breakdowns leading to production delays. Suggest how predictive analytics can be implemented to improve this situation.

💡 Hint: Consider how companies know when to service their machines before they fail.

Challenge and get performance evaluation