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As the name suggests, predictive analytics software analyzes historical data patterns to predict the forecast. It manages to do so by data mining and running the data through classification and regression models. Considering the businesses nowadays are all about big data. Predictive analytics software comes in handy in providing futuristic analysis using predictive models. These tools prove to be useful for the company to prepare for the future in a better manner. Predictive analytics software is available as free and open-source or commercial too, so it all boils down to your needs.
For a product to be in the predictive analytics software category, it must:
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