Predictive Forecasting
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Predictive forecasting is where analytics shifts from understanding what has happened to anticipating what will happen. It uses historical data, mathematical models, and AI to identify patterns and project future outcomes.
Predictive models can help you anticipate:
- Future sales or revenue;
- Expected increases in website traffic;
- Seasonal buying patterns;
- Budget needs for upcoming campaigns;
- Customer churn risks (who is likely to unsubscribe);
- Inventory or staffing demands.
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SectionΒ 4. ChapterΒ 3
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SectionΒ 4. ChapterΒ 3