What is Predictive Analytics? ...especially in Project Management

The video tutorial explains predictive analytics, an approach to forecasting future events using statistical data and modeling. It contrasts predictive analytics with descriptive and prescriptive analytics, highlighting its role as a middle ground. The tutorial discusses tools like machine learning and methodologies such as decision trees and regression analysis. It explores the application of predictive analytics in project management, particularly in planning and risk management, with a case study on Deloitte's five-stage process. Predictive analytics is shown to be valuable across various industries, including finance, marketing, and weather forecasting.

What new insight or understanding did you gain from this video?