Predictive analytics looks for relationships among elements of a dataset to determine if one element or set of elements can predict, within certain limits, the values of another element. R is an open-source statistical tool that is equivalent in power and functionality to SAS and has become one of the most common tools used to perform predictive analytics. R was commonly used at academic institutions, banks, hedge funds and research labs around the world and is now often a tool for many forward-thinking businesses. Models built with R by an experienced practitioner can describe the strength of relationships within a dataset and the predictive value of the data.
Using R, Focal Point's analytics experts can assist with the interpretation and evaluation of relationships within your datasets. Specifically, our professionals can: