PredictWise is a predictive modeling package that can be used for not only pricing but also reserving, hedging, and risk management. It significantly reduces run times and improves prediction accuracy. It supports the entire predictive modeling process including data preparation, model fitting, model validation, and recalibration. PredictWise supports supervised learning models such as Linear, GLM, CARTs, RandomForest, Gradient Boosting Machine, and Artificial Neural Network. For unlabeled data, PredictWise uses unsupervised learning methods including dimensionality reduction techniques and clustering methods such as hierarchical clustering, k-means, and Gaussian mixture. Text mining is also available to achieve improved prediction accuracy with the help of non-numerical data.


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