Tag Archives: predictive analytics

Forecasting and Predictive Analytics

Wikipedia defines Forecasting as the process of making statements about events whose actual outcomes (typically) have not yet been observed. Examples of forecasting would be predicting weather events, forecasting sales for a particular time period or predicting the outcome of a sporting event before it is played.  Wikipedia defines Predictive Analytics as an area of statistical analysis that deals with extracting information from data and using…

Healthcare 2013: What to do with ALL that data!

  “The pace to achieve Meaningful Use has been break-neck for many institutions. There have been primary care providers who have implemented and attested to Meaningful Use in as little as 90 days. Hospitals on the other hand, who typically implement more complex systems, have implemented and attested to Meaningful Use in as little as 6 months.” To understand the…

Tomorrow’s Forecast

Answering the question: What does LÛCRUM do??