A predictive model is a statistical tool used to forecast future outcomes based on historical data. It analyzes patterns and relationships within the data to make informed predictions. Commonly used in various fields, such as finance, healthcare, and marketing, these models help organizations make data-driven decisions. These models can utilize various techniques, including machine learning, regression analysis, and time series analysis. By inputting relevant data, a predictive model can estimate probabilities or trends, aiding in risk assessment and strategic planning. This approach enhances efficiency and effectiveness in decision-making processes across different industries.