Prediction

A prediction (Latin præ-, "before," and dicere, "to say") or forecast is a statement about the way things will happen in the future, often but not always based on experience or knowledge. While there is much overlap between prediction and forecast, a prediction may be a statement that some outcome is expected, while a forecast is more specific, and may cover a range of possible outcomes.

Although guaranteed information about the future is in many cases impossible, prediction is necessary to allow plans to be made about possible developments; Howard H. Stevenson writes that prediction in business "... is at least two things: Important and hard."

Prediction is closely related to uncertainty. Reference class forecasting was developed to eliminate or reduce uncertainty in prediction.

Read more about Prediction:  Informal Prediction From Hypothesis, Statistics, Prediction in Science, Finance, Sports, Opinion Polls, Supernatural Prediction, Prediction in Fiction

Other articles related to "prediction, predictions":

Statistical Forecasting
... Prediction is a similar, but more general term ... values at certain specific future times, while the term "prediction" is used for more general estimates, such as the number of times floods will occur over a long period ... Risk and uncertainty are central to forecasting and prediction it is generally considered good practice to indicate the degree of uncertainty attaching to forecasts ...
Structured SVM - Inference Problem
... At test time, only a sample is known, and a prediction function maps it to a predicted label from the label space ... given the vector obtained from training, the prediction function is the following Therefore, the maximizer over the label space is the predicted label ... and similar to making a maximum a-posteriori (MAP) prediction in probabilistic models ...
Prediction in Fiction
... forecasting and science fiction) often features instances of prediction achieved by unconventional means ... In fantasy literature, predictions are often obtained through magic or prophecy, sometimes referring back to old traditions ...
Computational Epigenetics - Current Research Areas - Epigenome Prediction
... A substantial amount of bioinformatic research has been devoted to the prediction of epigenetic information from characteristics of the genome sequence ... Such predictions serve a dual purpose ... First, accurate epigenome predictions can substitute for experimental data, to some degree, which is particularly relevant for newly discovered epigenetic mechanisms and for species other than human and mouse ...
Climate Prediction Center
... The Climate Prediction Center (CPC) is one of the National Centers for Environmental Prediction, which are a part of NOAA's National Weather Service ...

Famous quotes containing the word prediction:

    Recent studies that have investigated maternal satisfaction have found this to be a better prediction of mother-child interaction than work status alone. More important for the overall quality of interaction with their children than simply whether the mother works or not, these studies suggest, is how satisfied the mother is with her role as worker or homemaker. Satisfied women are consistently more warm, involved, playful, stimulating and effective with their children than unsatisfied women.
    Alison Clarke-Stewart (20th century)