Prediction modelling predicts future outcomes or events, by analysing current patterns of data that are likely to forecast future results.
While no one has a crystal ball, Geotech Information Services utilise statistical analysis and prediction modelling to unlock the secrets on what drives performance of products or services, that are unique to a particular industry and brand.
Prediction modelling can reveal amazing insights for businesses, including what the key drivers of revenue or performance are, what makes the highest performing stores perform as they do, and identifying what types of products a consumer is most likely to purchase.