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What are applications of Predictive analysis in R?
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Answer / Kumar Abhinav
Predictive analysis in R has numerous applications such as: 1. Customer Segmentation: Helps businesses understand their customers and target them effectively. 2. Fraud Detection: Used to detect anomalous behavior or transactions. 3. Predictive Maintenance: Helps predict equipment failures before they occur, reducing downtime. 4. Sentiment Analysis: Analyzes public sentiment about a product or brand on social media. 5. Sales Forecasting: Helps businesses predict future sales trends.
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