Machine Learning Predictive Model Development

Starting at

$

30

/hr

About this service

Summary

A predictive model analyzes historical data to estimate future outcomes using statistical and machine learning techniques. A forecasting model is a type of predictive model that focuses on time-series data to predict future trends, often used in sales, weather, and finance.

Process

The machine learning process involves defining the problem, collecting and preprocessing data, selecting and training a model, evaluating and tuning it, deploying the model, and continuously monitoring for improvements.

What's included

  • Predictive Model / Forecasting Model

    A predictive model is a statistical or machine learning approach used to analyze historical data and make predictions about future outcomes. It identifies patterns and relationships in data to estimate the likelihood of future events. Common techniques include regression analysis, decision trees, neural networks, and ensemble models. Predictive modeling is widely used in various fields such as finance (credit scoring), healthcare (disease prediction), marketing (customer behavior analysis), and risk management. A forecasting model is a type of predictive model specifically designed to predict future values based on historical time-series data. It is commonly used to estimate trends, patterns, and seasonality in areas like sales forecasting, weather prediction, stock market trends, and demand planning. Popular forecasting techniques include ARIMA (AutoRegressive Integrated Moving Average), exponential smoothing, and deep learning models like LSTMs (Long Short-Term Memory networks).


Skills and tools

Backend Engineer

ML Engineer

Software Engineer

ChatGPT

pandas

Python

scikit-learn

Streamlit

Industries

Information Technology

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