Course Content
International Business: Managing Business in the Globalization Era
International Business: Managing Business in the Globalization Era
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Balance of Payment
Balance of Payment
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Data Warehousing, Data Mining, and Knowledge Management – Concepts Managing Technological Change.
Data Warehousing, Data Mining, and Knowledge Management – Concepts Managing Technological Change.
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Unit IX: Test Your Knowlege
Unit IX: Test Your Knowlege
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Unit IX: International Business and Management Information Systems

πŸ“ˆ AI for Predictive Analysis


πŸ” The process of using artificial intelligence (AI) for predictive analysis typically follows these steps:

  1. πŸ“₯ Collect and organize big data:

    • The first step is gathering relevant data. This data can come from various sources such as sensors, social media, customer interactions, or transactional databases.

    • It’s essential to organize and structure the data so that it can be used effectively for analysis.

  2. 🧠 Develop an AI model with predictive capabilities:

    • Once the data is collected and organized, the next step is to build the AI model that can analyze the data and make predictions.

    • This involves selecting the right machine learning or deep learning algorithms, training the model on historical data, and ensuring it has the capability to generate accurate predictions.

  3. πŸ“Š Evaluate the performance of the model:

    • After the model is developed, it’s crucial to test and evaluate its performance using new, unseen data.

    • Metrics like accuracy, precision, recall, and F1-score are used to determine how well the model predicts outcomes.

  4. πŸ”— Integrate the AI system with the company’s software:

    • Finally, once the model is refined and performs well, it is integrated into the company’s existing software or systems.

    • This allows the model to provide real-time predictions and insights to business users.