Data Science and Analytics for SMEs: Consulting, Tools, Practical Use Cases

© The Author(s), under exclusive license to APress Media, LLC, part of Springer Nature 2022

A. I. TolulopeData Science and Analytics for SMEshttps://doi.org/10.1007/978-1-4842-8670-8_6

6. Predicting Numerical Outcomes

Afolabi Ibukun Tolulope¹  

(1)

London, United Kingdom

 

In this chapter, we will explore the popular techniques used for prediction, particularly in the retail business. The approach used in explaining these techniques is to use them in solving a business problem. The business problem to be addressed is the sales prediction problem which is common in the retail business. The chapter first explains the fundamental concept of prediction techniques; next, we look at how such techniques are evaluated. After this, we describe the business problem ...