= Predictive power
{wiki=Predictive_power}
Predictive power refers to the ability of a model or tool to accurately forecast future outcomes based on past and present data. In various fields such as statistics, machine learning, finance, and social sciences, predictive power is a crucial measure of how well a model can predict unknown data points. Key aspects of predictive power include: 1. **Accuracy**: The degree to which predictions made by the model match actual outcomes.
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