Predictive Analytics involves the art and science of using current and historical data to predict the likelihood of future events/outcomes. Statistical techniques are used to study the relationships and patterns found in the data to present models of probable results that are based upon new/different data or the addition of new variables. The goal is to present new insights that will help in the decision making process. Predictive Analytics differs from descriptive statistics in that one is interested in going beyond just describing the current situation or past events to predicting the future within the realm of possibility. Predictive Analytics works because experience and history have shown to be the best indicators of future performance. Gliem and Gliem can take you from where you are now to where you want to go by using the latest statistical software to accurately predict future solutions/performance of your business/organization.
