3 Types of Models (Regression, Classification, Clustering ) | Business Analytics

Description

Have you ever wondered how businesses forecast next quarter’s sales, predict customer churn, or decide which ad campaign will succeed? The secret lies in predictive modeling—a set of tools and techniques used to identify patterns in data and make informed predictions. In this video, we’ll break modeling into three key types: regression, classification, and clustering. Each has its own strengths, ideal use cases, and real-world applications.