M6 Flashcards
(33 cards)
2 types of learning of predictive analytics
supervised and unsupervised learnings
what is a branch of data analytics that uses machine learning techniques to explore unlabeled data, uncover hidden structures, and make informed inferences about likely future behaviors or outcomes without relying on predefined target variables?
unsupervised learning
what analytics aim to anticipate future events or trends based on current and historical data?
predictive analytics
what learning helps identify clusters of similar behaviors or customers, anomalies and outliers, and latent structures in service processes?
unsupervised learning
real-world use cases of unsupervised learning
healthcare
retail/e-commerce
telecom
smart cities
segmenting shoppers to predict buying preferences
retail/e-commerce
grouping patients based on treatment response to forecast health risks
healthcare
identifying usage clusters to optimize network load and predict churn
telecom
clustering neighborhood usage to forecast demand surges
smart cities
2 types of unsupervised learning
time-series
cluster analysis
time-series in service system
it supports demand forecasting in
1. electricity consumption
2. service calls,
3. emergency calls
4. service parts delivery
what unsupervised learning is a sequence of data points recorded at successive, equally spaced points in time?
time-series
time-series helps identify?
trend = long-term movement
seasonality = regular, periodic patterns
cyclicality = long-term economic or behavioral cycles
randomness/noise = irregular, unpredictable variation
what are the popular forecasting models?
moving average
autoregressive
arima
this forecasting model smooths short-term fluctuations to highlight trends
eg. averaging ticket volume to predict call center workload
moving average
this forecasting model predicts current value using a linear combination of past values
eg. estimating service requests based on past daily values
autoregressive
this forecasting model combines AR and MA with differencing for trends/seasonality
eg. forecasting energy usage, traffic flow, or call demand
ARIMA
real industry application of time-series
airlines
telecom
healthcare
forecasting booking trends to enable dynamic ticket pricing systems and optimize fleet allocation during peak travel seasons
airlines
using ARIMA to predict bandwidth demand and optimize infrastructure upgrades, preventing service interruptions
telecom
forecasting hospital appointments or emergency visit for staffing optimization. trends help align nurse shifts and specialist availability with peak demand
healthcare
cluster analysis in service system
process of finding groups of objects such that the objects in a group are similar to one another and different from the objects in another group
what technique is used to group data points into clusters based on similarity without the need for predefined outcome labels?
cluster analysis
what are the clustering techniques?
K-means
hierarchical
DBSCAM