Risk Prediction Models

Risk prediction models are tools used to estimate the likelihood of a future event, often related to health, finance, or safety. By analyzing past data and patterns, these models help identify factors that contribute to specific outcomes, like the risk of disease or financial loss. For example, a healthcare model might predict a patient’s chance of developing a condition based on their age, lifestyle, and family history. These predictions inform decision-making and planning, enabling individuals and organizations to take proactive measures to mitigate potential risks.