Remove Business Analytics Remove Data Quality Remove Statistics Remove White Paper
article thumbnail

Using Business Intelligence in Demand Forecasting

Jet Global

One of those areas is called predictive analytics, where companies extract information from existing data to determine buying patterns and forecast future trends. By using a combination of data, statistical algorithms, and machine learning techniques, predictive analytics identifies the likelihood of future outcomes based on the past.

article thumbnail

Using Business Intelligence in Demand Forecasting

Jet Global

One of those areas is called predictive analytics, where companies extract information from existing data to determine buying patterns and forecast future trends. By using a combination of data, statistical algorithms, and machine learning techniques, predictive analytics identifies the likelihood of future outcomes based on the past.