question archive The ability of a model to predict outcomes (accurately) is an indicator that the model is biased
The ability of a model to predict outcomes (accurately) is an indicator that the model is biased
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The ability of a model to predict outcomes (accurately) is an indicator that the model is biased. the assumptions of the model are generally accurate. the theory behind the model needs to be refined.
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The answer is the assumptions of the model are generally accurate
Statistics are used in predictive modelling to forecast outcomes. Although most of the time, the event being predicted is in the future, predictive modelling can be used to anticipate any unknown occurrence, regardless of when it occurred.
