Which if the following best defines predictive modeling?
A)A process used to determine descriptive statistics of each variable
B)A process used by doctors to choose prescriptions
C)A process used to determine relationships among variables
D)A process used to determine if data have veracity
E)A process used to collect data from various sources

Question

Quizplus · Accepted Answer

Predictive modeling is a statistical technique used to predict future outcomes by analyzing the relationships among variables. It involves using historical data to develop a model that can forecast future trends, behaviors, or events based on current or past data.

Which If the Following Best Defines Predictive Modeling