Predictive Analytics – the class of data analysis methods focused on predicting the future behavior of objects and subjects with the purpose of optimal decision making.
Predictive Analytics uses statistical methods, data mining methods, analyzes current and historical facts for making predictions about future events. In business, predictive models use patterns found in historical and in-progress data to identify risks and opportunities. Models capture relationships among many factors to allow assessment of risk or potential associated with a specific set of conditions, guiding decision-making on possible transactions.
We use this method for large motor carriers. The work is based on analyzing large amounts of data to predict the budget and possible downtime of vehicles in repair. In the case of maintenance of vehicles of their own for their own areas, this method will allow time to procure and have available the required number of spare parts, materials and tools, and schedule transportation services for its smooth operation.