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Web Bot is an internet bot computer program whose developers claim is able to predict future events by tracking keywords entered on the internet. It was developed in 1997, originally to predict stock market trends. [1]
Football Power Index (abbreviated as FPI) is a predictive rating system developed by ESPN that measures team strength and uses it to forecast game and season results in American football. Each team's FPI rating is composed of predictive offensive, defensive, and special teams value, as measured by a function of expected points added (EPA).
Predictive modeling is a statistical technique used to predict future behavior. It utilizes predictive models to analyze a relationship between a specific unit in a given sample and one or more features of the unit. The objective of these models is to assess the possibility that a unit in another sample will display the same pattern.
In healthcare, predictive markets can help forecast the spread of infectious disease. In a pilot study, a statewide influenza in Iowa was predicted by these markets 2–4 weeks in advance with clinical data volunteered from participating health care workers. [23] Some corporations have harnessed internal predictive markets for decisions and ...
Categorical skill metrics such as the False Alarm Ratio (FAR), the Probability of Detection (POD), the Critical Success Index (CSI), and Equitable Threat Score (ETS) are also relevant for some forecasting applications. Skill is often, but not exclusively, expressed as the relative representation that compares the performance of a particular ...
Predictive informatics (PI) is the combination of predictive modeling and informatics applied to healthcare, pharmaceutical, life sciences and business industries. Predictive informatics enables researchers, analysts, physicians and decision-makers to aggregate and analyze disparate types of data, recognize patterns and trends within that data, and make more informed decisions in an effort to ...
° Judgemental - in which a human judgement is made about the relative importance of the two kinds of error; typically this starts by adopting a pair of indicators such as sensitivity and specificity, precision and recall or positive predictive value and negative predictive value.
In Vapnik–Chervonenkis theory, the Vapnik–Chervonenkis (VC) dimension is a measure of the size (capacity, complexity, expressive power, richness, or flexibility) of a class of sets.