Search results
Results from the WOW.Com Content Network
Predictive modeling in trading is a modeling process wherein the probability of an outcome is predicted using a set of predictor variables. Predictive models can be built for different assets like stocks, futures, currencies, commodities etc. [ citation needed ] Predictive modeling is still extensively used by trading firms to devise strategies ...
Predictive analytics is a set of business intelligence (BI) technologies that uncovers relationships and patterns within large volumes of data that can be used to predict behavior and events. Unlike other BI technologies, predictive analytics is forward-looking, using past events to anticipate the future. [3]
Whereas a current forecast reflects expected or predicted utility, the actual outcome of the event reflects experienced utility. Predicted utility is the "weighted average of all possible outcomes under certain circumstances." [57] Experienced utility refers to the perceptions of pleasure and pain associated with an outcome. [5]
Forecasting is the process of making predictions based on past and present data. Later these can be compared with what actually happens. For example, a company might estimate their revenue in the next year, then compare it against the actual results creating a variance actual analysis.
Thesaurus Linguae Latinae. A modern english thesaurus. A thesaurus (pl.: thesauri or thesauruses), sometimes called a synonym dictionary or dictionary of synonyms, is a reference work which arranges words by their meanings (or in simpler terms, a book where one can find different words with similar meanings to other words), [1] [2] sometimes as a hierarchy of broader and narrower terms ...
Scenario analysis is a process of analyzing future events by considering alternative possible outcomes (sometimes called "alternative worlds"). Thus, scenario analysis, which is one of the main forms of projection, does not try to show one exact picture of the future.
In a non-statistical sense, the term "prediction" is often used to refer to an informed guess or opinion.. A prediction of this kind might be informed by a predicting person's abductive reasoning, inductive reasoning, deductive reasoning, and experience; and may be useful—if the predicting person is a knowledgeable person in the field.
The economic event analyzed can include implementation of a new policy or project, or may simply be the presence of a business or organization. An economic impact analysis is commonly conducted when there is public concern about the potential impacts of a proposed project or policy.