Method to improve prediction accuracy of business data with enhanced data filtering and data reduction mechanism

Abstract

According to some embodiments, a system associated with predictive analytics may include a data filter dictionary that stores a plurality of electronic data records based on prior input data. A data filtering and noise reduction module may receive input data and access the data filter dictionary. The data filtering and noise reduction module may then utilize data from the data filter dictionary and a latent semantic indexing data filter and noise reduction algorithm to remove information from the input data and create a subset of the input data. A predictive analytic algorithm platform may receive the subset of input data and use a predictive analytic algorithm to output a prediction result. An intelligent loop-back mechanism may then receive the subset of the input data and dynamically update the data filter dictionary based on an impact associated with the output prediction result.