Predictive Analytics Is Beginning to Enable Development of Software That

question 20

Short Answer

Predictive analytics is beginning to enable development of software that is directly used by a consumer. One key concern in employing these technologies is the loss of ________.

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Definitions:

Variability

The extent to which data points in a statistical distribution or dataset differ from each other and from their mean.

Confidence Level

A statistical measure that indicates the degree of certainty or trust in the results obtained from a sample as representative of a larger population.

Inference

The process of drawing conclusions about a population based on a sample.

Parameters

Statistical or mathematical conditions and variables that define the scope and functioning of a model, equation, or procedure.