What is Prediction in Machine Learning? Why is it Useful?

Prediction - Finding out what will happen in Future.

It may not be 100% Exact. But At least you know something is more likely to happen, with the help of prediction Analysis.

This is called Predictive Analysis. One of the four important Types of Analysis.




If you have last 10 months of students mark data, you can do predictive analysis and find future marks of the students.

Why Predictive Analysis is Useful in Real Jobs?

Sales Department: To Predict next month’s Profit, Sales, Product preference.

Marketing Department: To Predict which customer is likely to buy a product.

HR Department: To Predict which employee may leave the company in upcoming months.

Education Sector: To Predict student performance and give early support before exams.

Healthcare: To Predict patient risk level or future disease based on historic records.

Government: To Predict Future Population Growth, Future Economy Level, Future Demands, Future Employment and business growth.

Military: To Predict threats, Early Signs of War, Future Equipment failure, Supply needs, Prevent Terrorist Activities etc.

Police & Crime Branch: To Predict High Crime Areas, To find the future requirement of Personnel, finding crime patterns.

Bank & Finance: To Predict Loan Default risky customers, Predict Insurance fraud etc

Obviously, you know Weather Forecasting people also uses Predictive Analysis to find Future Weather Conditions.

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