Predictive Analysis: Comprehensive Study of Popular Open-Source Tools

Abstract

Predictive analytics is the science of decision-making that eliminates guesswork out of the decision-making process and applies proven scientific procedures to find right solutions. Predictive analytics provides ideas on the occurrences of future downtimes and rejections thereby aids in taking preventive actions before abnormalities occur. Considering these advantages, predictive analytics is adopted in various diverse fields such as health care, finance, education, marketing, automotive, etc. Predictive analytics tools can be used to predict various behaviors and patterns, thereby saving the time and money of its users. Many open-source predictive analysis tools namely R, scikit-learn, Konstanz Information Miner (KNIME), Orange, RapidMiner, Waikato Environment for Knowledge Analysis (WEKA), etc. are freely available for the users. This chapter aims to reveal the best accurate tools and techniques for the classification task that aid in decision-making. Our experimental results show that no specific tool provides the best results in all scenarios; rather it depends upon the datasets and the classifier.

Citation

Virkar, G.R. and Shinde, S.S. (2020), "Predictive Analysis: Comprehensive Study of Popular Open-Source Tools", Kumari, S., Tripathy, K.K. and Kumbhar, V. (Ed.) Data Science and Analytics, Emerald Publishing Limited, Leeds, pp. 41-70. https://doi.org/10.1108/978-1-80043-876-720211004