课程: Data-Driven Decisions in Business Operations
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Predictive analytics for operations
Imagine having a crystal ball that reveals future trends and operational needs. While not magical predictive analytics offers a powerful way to foresee and plan for what lies ahead. This capability enables proactive decision making, giving your business a significant advantage. After this lesson, you'll be able to apply predictive analytics to forecast trends and operational needs to make your business even better going forward. Predictive analytics begins with collecting historical data. Suppose you're considering whether to attend a major industry event. Start by analyzing data from the previous year: attendance figures, leads generated, and resulting sales. This historical data forms the foundation for your predictions. The next step involves identifying patterns and trends within the data. For example, if your company saw a significant increase in leads in sales following last year's event, this pattern suggests a positive impact. On the other hand, if the event didn't yield…
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