predictive modeling

noun

Pronunciation: prɪˈdɪktɪv ˈmɒdəlɪŋ

Definition

The statistical process of using data analysis and machine learning algorithms to forecast future outcomes or behaviors based on historical patterns.

Examples

• Retailers rely on predictive modeling to estimate which products will be in high demand during the upcoming holiday season.

• The healthcare sector uses predictive modeling to identify patients who are at a higher risk of developing chronic conditions.

• By applying predictive modeling to traffic flow data, city planners can optimize signal timings to reduce congestion.

Synonyms of predictive modeling

Words with a similar meaning to predictive modeling:

• forecasting
• predictive analytics
• statistical projection

Browse the full Anaversity dictionary