What is Predictive Modeling?

Predictive modeling is a process used in artificial intelligence (AI) and machine learning (ML) to create predictive models that can predict future outcomes. Predictive models are mathematical models that use data from past events to make predictions about future events. These models are used to identify patterns and trends in data, and to make predictions about future outcomes. The goal of predictive modeling is to create a model that can accurately predict future outcomes based on past data. This process involves collecting and analyzing data, creating a model, testing the model, and then refining the model to improve accuracy. Predictive models can be used in a variety of applications, from predicting customer behavior to forecasting stock prices.