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Latin pr-, "before and dicere, "to say or forecast, is a statement about a future event.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.Although future events are necessarily uncertain, so guaranteed accurate information about the future is impossible.Prediction can be useful to assist in making plans about possible developments; Howard.Stevenson writes that prediction in business "is at least two things: Important and hard." 1, contents, opinion edit, 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 usefulif the predicting person is a knowledgeable person in the field.2 The Delphi method is a technique for eliciting such expert-judgement-based predictions in a controlled way.This type of prediction might be perceived as consistent with statistical techniques in the sense that, at minimum, the "data" being used is the predicting expert's cognitive experiences forming an intuitive "probability curve." Statistics edit In statistics, prediction is a part of statistical inference.