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DIVERGENT WEEK 3November 26, 2015 Name: Faction Name:Do Nows November 26 MondayTuesdayWednesdayThursdayFridayNovember 2, 2015 Discussion Questions Answer in complete sentences, and use evidence from
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Gather relevant data: Collect all necessary data related to the prediction task
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A model for predicting is a statistical or computational framework used to estimate future outcomes based on historical data and certain variables.
Typically, organizations or individuals who are making projections related to financial data, business performance, or regulatory compliance are required to file a model for predicting.
To fill out a model for predicting, one must gather relevant historical data, select appropriate variables, run statistical analyses, and input the results in the required format.
The purpose of a model for predicting is to facilitate informed decision-making by providing estimates of likely future events, trends, or behaviors.
Information that must be reported typically includes the underlying data used, the methodology of the model, assumptions made, and the projected outcomes.
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