Predictive modelling is the process by which a model is created or chosen to try to best predict the probability of an outcome.
devise predictive models
assemble predictive models
build a predictive model
building predictive models
building a predictive model
construct predictive models
produce predictive models
Skill reusability level
Relationships with occupations
Build predictive models is an essential skill of the following occupations:
Build predictive models is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.
Market research analyst: Market research analysts collect the information gathered in the market research and study it to draw conclusions. They define the potential customers of a product, the target group and the way they can be reached. Market research analysts analyse the position of products in the market from different perspectives such as features, prices and competitors. They analyse cross selling and interdependencies between different products and their placement. Market research analysts prepare information helpful for the development of marketing strategies.
Statistician: Statisticians collect, tabulate, and, most importantly, analyse quantitative information coming from a varied array of fields. They interpret and analyse statistical studies on fields such as health, demographics, finance, business, etc. and advise based on patterns and drawn analysis.
- Build predictive models – ESCO