Glossary

Predicate Logic is a formal language in mathematical logic that extends propositional logic. Predicates, variables, and quantifiers are key components of this system. It provides a broader notion of propositions, enhancing logical analysis efficiency.

A Prediction Model uses statistical methods to analyze historical and present data and predicts future behavior, outcomes, or events. Essential for decision-making strategies.

Predictive Analytics is a critical field in data science where historical data is studied to forecast future trends. It employs machine learning and statistical models for comprehensive data analysis, aiding in business decisions, boosting customer relationships, spotting potential fraud, and advancing resource management.