Predictability
Origin: Lat. prae visibĭlis
The degree of confidence in a forecasting system based either on law derived from observations and experience or on scientific reasoning and structural modelling. The estimation can be quantitative as well as qualitative. Predictability can either be applied to foretell a single event or properties of a stochastic process where the timing, frequency and magnitude of occurrence of individual events can be highly uncertain (e.g. based on geological knowledge a catastrophic earthquake in San Francisco is certain to happen within the next hundreds of years)
Spanish: Previsibilidad
Sources and references
- Goodwin P., Wright G. (2010). The limits of forecasting methods in anticipating rare events, Technological Forecasting and Social Changeview
Term connections
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