Predictive analysis is an area of statistics that deals with the extrapolation of variables to predict trends and behavior patterns. Business owners use dependent and independent variables to construct regression equations and use the results to predict future trends and patterns. A business owner may use this sort of analysis to predict the demand for a new product that is about to enter the market. This can be done through the analysis of past sales numbers in relation to pricing to predict the number of products that will be sold once the new product launches.

How else can predictive analysis be used to increase sales?