Chapter 1
Machine Learning for Predictive Data Analytics

Extract insight

Study the past if you would define the future 👤

Make better decision

💥 1.1 What Is Predictive Data Analytics ❓

⭐ Is the art of building and using models that make predictions based on patterns extracted from historical data

Applications include

Price Prediction

Dosage Prediction

Risk Assessment

Propensity Modeling

Diagnosis

Document Classification

💥 1.2 What Is Machine Learning ❓

⭐ Is defined as an automated process that extracts patterns from data.

💥 1.4 What Can Go Wrong With Machine Learning ❓

Underfitting

Overfitting

The algorithm is too simplistic

The algorithm is too complex