Hybrid Statistical–Machine Learning Approaches for Predictive Analysis
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DOI:
https://doi.org/10.67228/3142788X/IJMLPA-2024PII9B8HPublished 07-02-2024
Predictive Analytics, Statistical Learning, Machine Learning, Hybrid Models, Regression Analysis, Artificial Neural Networks, Ensemble Learning, Data Mining, Forecasting Systems, Predictive Modelling Issue
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ArticlesHow to Cite
[1]A. K. Singh, “Hybrid Statistical–Machine Learning Approaches for Predictive Analysis”, IJMLPA, vol. 7, no. 2, pp. 01–16, Jul. 2024, doi: 10.67228/3142788X/IJMLPA-2024PII9B8H.Abstract
Predictive analytics plays a crucial role in data science by forecasting future trends using historical data. Traditional statistical techniques such as linear regression, logistic regression, ARIMA, and Bayesian inference provide interpretable and mathematically rigorous models but often struggle with large-scale, complex, and nonlinear datasets. Machine learning approaches, including Decision Trees, Support Vector Machines, Random Forests, Artificial Neural Networks, and Ensemble Learning, offer superior predictive capabilities but may lack interpretability and uncertainty estimation. To address these limitations, hybrid statistical–machine learning methods have emerged, combining statistical feature engineering, probabilistic modeling, and machine learning algorithms to improve prediction accuracy and robustness. This paper reviews the theoretical foundations, architectures, and applications of hybrid predictive models across finance, healthcare, manufacturing, transportation, and business intelligence. A generalized hybrid framework incorporating feature selection, model training, ensemble optimization, and validation is presented. The analysis indicates that hybrid approaches consistently outperform standalone statistical and machine learning models in terms of accuracy, reliability, and generalization. Key implementation challenges, including computational complexity, interpretability, data quality, and parameter optimization, are also discussed. The study concludes that hybrid statistical–machine learning models represent a promising direction for next-generation predictive analytics and intelligent decision-support systems.
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How to Cite
[1]A. K. Singh, “Hybrid Statistical–Machine Learning Approaches for Predictive Analysis”, IJMLPA, vol. 7, no. 2, pp. 01–16, Jul. 2024, doi: 10.67228/3142788X/IJMLPA-2024PII9B8H.