Predictive Power- Leveraging Data Analytics and Mining for Future Trends Forecasting

Niyati Agarwal; Dipti Ranjan Tiwari

doi:10.55524/ijirem.2024.11.2.15

Abstract

In an era of vast data availability, the ability to predict future trends accurately has become a critical advantage for businesses, policymakers, and researchers alike. This paper examines the predictive power inherent in data analytics and mining techniques and their applications in forecasting future trends across various domains. Through a comprehensive review of methodologies, case studies, and real-world applications, we explore how data analytics and mining enable the extraction of valuable insights from large datasets to anticipate trends in finance, healthcare, marketing, and beyond. We delve into the tools, and best practices employed in predictive modeling, emphasizing their role in enhancing decision-making processes and strategic planning.

Keywords

KEYWORDS: Predictive analytics, Data mining, Future trends forecasting, Machine learning, Decision-making

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Cites this article as

N. A. , D. R. T. , "Predictive Power- Leveraging Data Analytics and Mining for Future Trends Forecasting", International Journal of Innovative Research in Engineering & Management (IJIREM), Vol-11, Issue-2, Page No-74-78, 2024. Available from: https://doi.org/10.55524/ijirem.2024.11.2.15