A 2010 White Paper Published by Oracle Called "Predictive Analytics

question 6

Essay

A 2010 white paper published by Oracle called "Predictive analytics: Bringing the tools to the data" presents a nice way of organizing the predictive analytics tools. A good predictive analyst uses fairly advanced mathematics and statistics along with special software. Identify a minimum of three predictive analytics functions or techniques identified through this white paper.

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Definitions:

Text Box

A graphical user interface element where users can input text data in forms, documents, or any other interface that requires textual input.

Cognitive Restructuring

A psychological technique that involves identifying and challenging negative thought patterns to reshape cognitions in a more positive light.

Empirical Evidence

Information acquired by observation or experimentation that is used to validate theories or hypotheses.

Crisis Situation

A critical, unstable period or state of affairs in which a decisive change is impending, often with the possibility of a highly undesirable outcome.