What is model in SAP BI-RA-PA - SAP Predictive Analytics?

SAP Term: model

• Component: BI-RA-PA

• Component Name: SAP Predictive Analytics

• Description: A reusable mathematical description created by training an algorithm using historical data. It describes and explains the relationships between input data explanatory variables and output data one or more target variables. It allows you to predict, explain, or describe phenomena.

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• Key Concepts: 
  A model in SAP Predictive Analytics is a mathematical representation of a system or process. It is used to predict the behavior of the system or process based on data collected from the system. Models can be used to identify patterns, trends, and correlations in data, as well as to make predictions about future events. 
  
  How to use it: 
  Models can be created in SAP Predictive Analytics using a variety of techniques, such as linear regression, decision trees, and neural networks. Once a model is created, it can be used to make predictions about future events or to identify patterns and correlations in data. The model can also be used to optimize processes and improve decision-making. 
  
  Tips & Tricks: 
  When creating a model in SAP Predictive Analytics, it is important to consider the type of data that will be used for the model. Different types of data require different types of models. Additionally, it is important to consider the accuracy of the model and how it will be used. 
  
  Related Information: 
  SAP Predictive Analytics also includes features such as automated machine learning, which can help users create more accurate models with less effort. Additionally, SAP Predictive Analytics includes features such as data visualization and interactive dashboards that can help users better understand their models and the data they are working with.