The profit earned by a company for aspecific
period depends on several factors like howplenty of time
and money a company spends on research and
development marketing and alive more. So forecast the
profit of a company for a specific period we need to
alternation a machine learning model with a dataset that
containsfactual data about the profit generated by the
company. We can set an achievable goal predictingprofit
is an important task for every business. For example, if
the business allots $500 on marketing, it can’t take a
profit of $20,000. correspondingly, there are lot of other
components on which the profit of a business depends. A
company should set a goal that can be accomplished. In
the section below, I will walk you buttoned up the task of
profit prediction with machine learning using Python.
When there is no automated system there is alwaysa hard
in predicting profit as there are more considerations to
be done. Wisdom of Models is a machine learning
algorithm for predicting profit via research and
development costs, administration cost and marketing
spend in a business. Wisdom of Models focusses on other
three machine learning algorithms, svr, random forest
and linear regression to derive a new prediction. Many
companies, institutions, governments, and Private
organisations are funding these businesses and enticing
people to utilise them to investigate their ideas.
Keywords :
Research and Development, Wisdom of Models, Administration Cost, Marketing Spend, SVR, Random Forest, Linear Regression