Which of the following is true of a predictive model?
A) The interpretability of the x and y association is critical for this model to work.
B) An entire dataset is used to build a predictive model.
C) It is prospective-its main focus is on forecasting new data records.
D) It is retrospective-its main focus is on interpreting coefficients.

Question

Quizplus · Accepted Answer

Predictive models are designed to forecast future events or values based on historical data, making them prospective in nature. Their primary goal is to predict new, unseen data points rather than to interpret the relationship between variables, which is more characteristic of explanatory or descriptive models.

Which of the Following Is True of a Predictive Model