Predictive Analytics: An Optimization Perspective

Abstract

Predictive analytics is concerned with making predictions of future outcomes based on past data using data statistics, machine learning, dynamic models and filtering algorithms. This paper provides a review of the theory of predictive analytics from an optimization perspective, including some new developments in convex optimization and quadratic neural networks. Several examples from many different areas show how the theory can be applied to analyze data and provide useful information to decision makers.

Keywords

• Classification
• neural networks
• predictive analytics
• regression