This literature review explores the applications of predictive analysis in different industries, such as medicine and business. It discusses the use of data mining techniques and the importance of accurate predictions for strategic decision making.
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Techniques of predictive analysis Techniques of Predictive Analysis Student Name Institution City, Country Email Abstract-The world of business today is filled with magnitudes of data, the quantity of data being collected by various industries is continuously flourishing as digital technology continue to penetrate the industries. The increased exploitation of a number of novel inventions and the impact of social media has availed a large data set termed as big data. This data has the capacity to generate very effective information if appropriate models are applied to analyse it. Organization that were previously in the verge of collapse can instantly rise to success curtesy of the big data technology, for this reason several industries are increasingly paying attention to the various predictive models that can be applied to assist forecast future states of nature. The predictive analysis composed of a number of statistical and analytical techniques that can be applied to develop models for predicting future possibilities. For this reason, predictive analysis has proved to be a vital area in cases where substantial quantity of sensitive data needs to be analysed. With the aid of the data mining techniques, future probabilities and measures can be forecasted and the predictions used to improve strategic decision making. This literature review identifies clear ideas of the applications of the data mining techniques and the sue of the predictive analytics on different areas such as medical field and business in particular. I.Literature review A.Introduction Predictive analytics is the science and art of developing predictive models which can afterwards be applied to predict selected outcomes in the future with a higher probability of occurrence than would be under a normal gauze. Predictive analysis is often applied as an umbrella term that also entails other forms of advanced analytics such as the descriptive analytics that focuses on giving an insight of past occurrences. The concept of predictive analytics applies large and varying techniques to assist firms foresee the future. As the idea of big data continues to take over business strategic decision making, the application of predictive analysis is continuously becoming popular in firms[1].Technologies like machine learning, txt analysis as well as neural networking are some of the applications of predictive analysis in business. The application of big data has gained popularity in most of the organisations operating globally, through the use of big data firms are relying on the available information to evaluate expected consumer reactions, gauge potential products demand as well as analysis of the financial impact of management decisions. The predictive analysis techniques apply technology to
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Techniques of predictive analysis forecast the future occurrence and enable the managers to act accordingly. The ability to foresee the future is a very significance concept in a business. Through accurate predictions firms are able to take steps that will improve their future competitive advantage. Global business is increasing becoming competitive, the techniques of predictive analysis are thus a significance avenue for meandering the competitive business world. The ability to predict the future do eventually define the firms that comes out on top in the long run. B.Summary of articles The concept of predictive analytics has been in the past applied in the area of data mining to forecast future events especially in the field of medicine, education as well as crime detection. The health sector does contain bulky information that if used effectively can be significant in making crucial decisions. The research conducted by Babu and Sastry[1]was focused on the enterprise resource planning (ERP) predictive features. The study objective was on how the current and past data can be analysed and applied to identify probable risks that organisations might be facing. Analytical decision tools are utilised by the system to make decisions as a way of improving service delivery. A study by Bellaachia and Guven[2]did suggest that data mining can be efficiently applied to forecast lastingness of breast cancer. The authors did examine three methods applied in data mining (neural networks, Bayes and Naïve) to show that data mining is the apt technology that can identify patterns in a data set derived from the health sector. Even though some diseases are more difficult to predict due to their complexity the application of predictive together with advanced skill in the medical field can assist identify some trends that may assist lead to breakthrough. To study heart diseases by applying the classification algorithms, data mining algorithms like naïve Bayes can be useful in forecasting heart attacks. From the author’s analysis the use of this tools can give up to a 99% accurate prediction[3]. The data mining techniques did prove that diagnoses can be predicted when the right techniques of predictive analysis are applied in the right manner. A survey conducted regarding predictive analysis by using big data did show that large volumes of medical data can only be processed accurately by applying very powerful analytical tools. Techniques under data mining can also be applied in the analysis of trend in diseases. Ramaraj and Thanamani[4]proposed that heart diseases can be significant identified by the use of predictive analytics. The objective of the researchers was to design a predictive method that can be applied in the detection of heart diseases. From their conclusion, the use of CN2 rule is best fitted for doing classifications compared to any other technique. A study by Nasridinov et al[5]did analyse several data mining with generated test data meant to evaluate the most efficient technique to predict patterns in crimes. The researches did focus mostly on the extensive performance analysis of several data mining algorithms. The study was based on the assumption that wearable sensors are attached to the clothes of the users of the identified techniques. The sensor would capture the user’s inner temperature and heartbeat and afterwards send the information to the servers to perform emotion miming. Danger was indicated wen
Techniques of predictive analysis the user did develop faster heartbeats and high inner temperature. Once the danger was detected the researcher would apply a test data generation method that precisely design prediction algorithms. This technique can be applied by law enforcement bodies and emergency service teams to predict trends and abstract useful information that can assist curtail several danger situations promptly. The use of case-based machine was efficiently applied by Chandra et al[6]to developa more accurate algorithm for forecasting heart diseases. The method was useful when applied to binary dataset. The use of non-binary data presents a number of challenges as it initially requires innovative methods to calculate support. The presence of a chance to remove a candidate item from the non-binary dataset due to pruning and its application to a higher level raises the frequency of pruning occurring. The final occlusion by the author was a prototype that was meant to develop request item sets needed for developed set of non-binary data. A study conducted by Kone and Karwan [7]which was designed to predict the expense of delivering liquefied gas to new clients by usingmultifactor regression model did indicate that evaluating all the observations at once did lead to a poor prediction of the possible outcomes. For this reason, before undertaking the regression analysis there was need to utilise a novel supervised leaning technique to group outcomes with similarities in certain perceptions. Hyperboles are applied to devote customer classes and afterwards a linear regression is developed taking account of the classes. Increasing the culmination of the data classification and regression did indicate the accuracy of the predictions made. The application of regression for predictive analytics was also emphasized by Bhat et al when they presented a processing phase that was attached to the imputation of missing values for both numerical and categorical data. Classification and regression trees together with generic algorithms were suggested forefooting the missing values and self- organisation of the feature maps so as to enable impute of categorical values applied in the research. Jakrarin and Piromsopa[9]in their study aimed at efficient analysis of a magnitude of data and reduction of timecomplexity, applied the k-means clustering which made use of the Apache Hadoop technology. They were also interested in identifying whether the detection and accuracy rates are influenced by the number of fields that are present in a log file. Given that accuracy is reduced when the number of entries goes up, the understanding from the research did indicate that there is need to improve the accuracy. Another technique was proposed by Jun et al[10]termed as divided regression analysis. This system was suggested to be effective in big data analysis to assist minimize the computing burden that is experienced in regression problems. The divided regression technique is a statistical method that is focused majorly on small data samples hence reduce the burden of computations that is experienced in the big data analytics. The method is recommended to be applied in the analysis of the entire data set in big data analysis which is referred to as the population set in statistics. C.Conclusion Predictive analysis is a vital branch of data engineering that is usually focused on
Techniques of predictive analysis the prediction of existence or a probability of data. Predictive analytics applies data mining techniques to come up with predictions about events that may occur in future. The forecasts can thereafter be used to develop recommendations that can be applied to the decision-making process. The procedures under predictive analysis is composed of analysis of past data which is thereafter applied in foresting the future occurrence. Two major objectives of predictive analytics are classification and regression. The analytics is composed of different analytical and statistical techniques that are applied for evolving the models meant to und3rtake future prediction of events. The predictive analysis has the potentiality to deal with both continuous and discontinuous changes. Classification prediction do comprise of analytical techniques that are applied in the predictive analytics. The roles of the predictive models do vary depending on the data that is used together with them. In this literature review, we have identified past research work and explained how the researchers applied predictive analysis to solve problems in the medical and the business world. In addition, the review has identified some of the techniques and algorithms that were implemented while applying the big data technology. This information does indicate that it is possible to develop a model that could assist apply predictive analytics modelling techniques that is significance for synthesis of big data. II.References [1]P. Selvaraj and P. Marudappa, "A survey of predictive analytics using big data with data mining,"International Journal of Bioinformatics Research and Applications,vol.
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Techniques of predictive analysis 14, no. 3, p. 269, 2018. [2]P. Babu and S. Sastry, "Big data and predictive analytics in ERP systems for automating decision making process,"5th IEEE International Conference on Software Engineering and Service Science (ICSESS),p. 259–262, 2014. [3]A. Bellaachia and E. Guven, "Predicting breast cancer survivability using data mining techniques," Department of Computer Science, the George Washington University, Washington , 2005. [4]H. Masethe and M. M.A, "Prediction of heart disease using classification algorithms," Proceedings of the World Congress on Engineering and Computer Science, San Francisco, USA, 2014. [5]M. Ramaraj and A. Thanamani, "Comparative study of CN2 rule and SVM Algorithm and prediction of heart disease datasets using clustering algorithms," Department of Computer Science, NGM College, Pollachi, India, 2013. [6]A. Nasridinov, J. Byun, N. Um and H. Shin, "A study on danger pattern prediction using data mining techniques," School of Computer Engineering, Dongguk University, Gyeongju, South Korea, 2014. [7]K. Chandra Shekar, K. Ravi Kanth and S. K., "Improved algorithm for prediction of heart disease using case based reasoning technique on non-binary datasets," International Journal of Research in Computer and Communication Technology,vol. 1, no. 7, p. 420–424., 2012. [8]E. Kone and M. Karwan, "Combining a new data classification technique and regression analysis to predict the cost-to-serve new customers,"Computers & Industrial Engineering,vol. 61, no. 1, p. 184–197, 2011. [9]T. Jakrarin and K. Piromsopa, "An analysis of suitable parameters for efficiently applying K-means clustering to large TCP dump data set using Hadoop framework," Electrical Engineering/Electronics, Computer, Telecommunications and Information Technology (ECTICON), 10th International Conference, Krabi, Thailand, 2013. [10]S. Jun, S. Lee and J. Ryu, "A divided regression analysis for big data,"International Journal of Software Engineering and its Applications,vol. 9, no. 5, p. 21–32. , 2015.