I was told that predictive analytics gives predictions or
tell trends based on the past data feed. OK! For example, this works well if
you are using a same machine [without any changes!] before and after the
feedback. However, what happens if we add a new element [parameter] to the machine?
In this case, the whole trend that the predictive analytic gives us based on
the machine’s past data goes for a toss, right? It is because if the new
parameter introduces any changes in the either in the performance or workflow
of the machine, then obviously the projected trend does not match with it;
which in turn forces the whole exercise go for a toss! Right?
In summary, shall I conclude that predictive analytics only
work in such a scenario where except for the given parameters remaining all else
remains the same!
Am I right in understanding the scope of predictive
analytics in this case?
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