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looking to the past to predict the future [Music] predictive modeling the core function in predictive analytics applications is a mathematical process that aims to predict future events or outcomes based on past behavior it does so by analyzing data to identify patterns that can be used to forecast what is likely to happen in the future the predictive modeling process begins once a set of current or historical data is collected for analysis then data scientists or analysts create algorithms in statistical models train them with subsets of the data and run them against the full data set to generate the predictive model in many cases multiple models are used at once to create one prediction while the terms predictive modeling and predictive analytics are sometimes used interchangeably modeling can be seen instead as the hands-on part of analytics applications which you can learn more about here or in the description below there are many different modeling methods and algorithms some popu

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