What is the definition of predictive modeling?

Predictive modeling refers to the analytical process that uses statistical techniques and algorithms to analyze historical data and make forecasts about future events or behaviors. In the context of healthcare, it involves assessing various data points to predict future healthcare needs of patients. This could include estimating the likelihood of developing certain conditions, predicting hospital readmissions, or determining the necessary level of care that a population might require in the future.

This definition aligns with the first choice, as it focuses on the analysis of data to anticipate future healthcare requirements, which is essential for effective planning and resource allocation within healthcare systems. By utilizing predictive modeling, healthcare providers can enhance patient care management and improve health outcomes through timely interventions.

The other choices pertain to different concepts within the healthcare sector, such as financial comparisons, which do not focus specifically on predicting future needs based on data analysis.