Although we live in a world of science and knowledge, it remains quite certain that we in most cases are unable to predict the future. Although we remain unable to predict the future, the statistical art of prediction modelling is often the closest we can get.
In prediction modelling, advanced statistics is used to build algorithms or models able to predict a certain desired outcome or event.
Prediction modelling might sound strange at first glance, but the most of us have already become acquainted with it watching or reading the weather forecast. The statistical principles of predicting the weather can also be applied in healthcare.
Given the right data, prediction modeling can be utilized to conduct patient individualized assessments of the risk of a certain outcome after medical treatment or surgery.