Explain the concept of predictive simulation.

Explain the concept of predictive simulation.

Predictive simulation is a modeling technique used to forecast or predict the behavior and outcomes of a system or process in the future. It involves creating a computer-based model that represents the real-world system and using it to simulate various scenarios and conditions. By inputting different variables and parameters into the model, predictive simulation can generate predictions and insights about how the system will behave under different circumstances. This allows decision-makers to make informed choices and plan for the future based on the anticipated outcomes of the simulation. Predictive simulation is commonly used in various fields such as business, engineering, healthcare, and finance to optimize processes, improve performance, and mitigate risks.