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Deriving the model is an automated act of trend spotting that explores a broad range of factors. I doubt

That’s why it’s important to understand futures thinking.

Futures thinking is your ability to recognize what will potentially happen in the future. How the future will unfold through observation, strategic foresight, and designing different scenarios. The end goal is to ensure that you’re not caught with your guard down.

trends. Predictive analytics, a significant branch of data science that involves statistical algorithms and machine learning techniques, is all about understanding the past to foresee the future.

Predictive model—A mechanism that predicts a behavior of an individual, such as click, buy, lie, or die (or prepay a mortgage). It takes characteristics (variables) of the individual as input, and provides a predictive score as output. The higher the score, the more likely it is that the individual will exhibit the predicted behavior.