Predictive Analytics • Analysis of current and historical facts/data to make predictions about the future • Traditionally a field of statistics/statistical computing. • Now encompasses machine learning and data mining. Current Data Historical Data Predict Future Machine Learning / Statistics
Recommender Engines • Class of Information Filtering systems • Model user preferences • Analyse input data to predict output similar to user preferences.
RE : Hybrid • Best of both worlds • Can be modelled using User Based CF and Item Based CF in different configurations. • Less prone to issues of sparsity and cold start.