What is a prediction based on?

A prediction ( Latin præ-, "before," and dicere, "to say"), or forecast, is a statement about a future event or data. They are often, but not always, based upon experience or knowledge. There is no universal agreement about the exact difference from "estimation"; different authors and disciplines ascribe different connotations .

What is the difference between a prediction and a fortune teller?

A prediction is what someone thinks will happen. A prediction is a forecast, but not only about the weather. Pre means “before” and diction has to do with talking. So a prediction is a statement about the future. It’s a guess, sometimes based on facts or evidence, but not always. A fortune teller makes a prediction using a crystal ball.

Why is probability important in prediction?

Due to the fact that prediction deals with uncertainty, a factor that is intrinsic to future, probability is called to play a pivotal role in the operation of predictive arguments. The rational assignment of probability values is vital in the predictive practice.

What is a predicting person?

In a non-statistical sense, the term "prediction" is often used to refer to an informed guess or opinion . A prediction of this kind might be informed by a predicting person's abductive reasoning, inductive reasoning, deductive reasoning, and experience; and may be useful—if the predicting person is a knowledgeable person in the field.