Digital Twin
A digital replica of a physical entity, used to simulate, analyze, and optimize real-world operations.
71 topics found for
“predictive analysis”
Sales Forecasting
The process of estimating future sales based on historical data, trends, and market analysis.
Pattern Recognition
The ability to identify and interpret patterns in data, often used in machine learning and cognitive psychology.
Normal Distribution
A statistical distribution where most occurrences take place near the mean, and fewer occurrences happen as you move further from the mean, forming a bell curve.
BI
Business Intelligence (BI) encompasses technologies, applications, and practices for the collection, integration, analysis, and presentation of business information.
Train/Test
A method of splitting a dataset into two subsets: one for training a model and another for testing its performance.
Hindsight Bias
A cognitive bias where people perceive past events as having been more predictable than they actually were.
BeSci
Behavioral Science (BeSci) is the study of human behavior through systematic analysis and investigation.
MRD
Market Requirements Document (MRD) is a comprehensive document that outlines the market's needs, target audience, and business objectives for a product.