Examlex
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Predictive Analytics
Predictive analytics involves using historical data, statistical algorithms, and machine learning techniques to forecast future trends or behavioral patterns.
Statistical Algorithms
A series of mathematical procedures that process data to identify patterns, trends, or relationships among variables.
Historical Data
Information collected about past events and conditions pertaining to a particular subject.
Nonresponse Error
Bias introduced in survey results when a significant number of invited participants decide not to respond.
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