The term actuarial prediction refers to
A) formulating hypotheses to be tested in experimental research.
B) using correlational data to predict future outcomes
C) using the results of correlational studies as sources of hypotheses for experimental research.
D) using research results to modify and improve theories and the predictions made by theories.

Question

Quizplus · Accepted Answer

Actuarial prediction involves using statistical methods and data analysis to make predictions about future outcomes, such as risk of disease, likelihood of recidivism, or success in certain endeavors. This is done by analyzing patterns and correlations in the data and using that information to make predictions about what is likely to happen in the future. It is different from hypothesis testing or theory development, which involve formulating and testing hypotheses or developing theories to explain phenomena. Therefore, the most appropriate choice is (B) - using correlational data to predict future outcomes.

The Term Actuarial Prediction Refers to