predictivemodeling
nounUK /prɪˈdɪktɪv ˈmɒdəlɪŋ/
US /prɪˈdɪktɪv ˈmɑːdəlɪŋ/
Using math and computers to guess what will happen next.
The weather team uses predictive modeling to guess if it will rain tomorrow.
OTHER MEANINGS
2. Building a computer model that estimates future outcomes from past data.
The bank uses predictive modeling to estimate which customers might need a loan.
3. A method in science and business for testing guesses about the future before they happen.
Doctors use predictive modeling to see how a disease might spread.
4. The practice of training software to recognize patterns and make forecasts.
The store's predictive modeling helped it know how many umbrellas to order.